A characteristic of an efficient market is that:
A) prices adjust perfectly to new information.
B) announced information events tend to be dependent on one another.
C) investors are price takers.
D) individual investors have the ability to affect security prices.

Question

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The Answer of A characteristic of an efficient market is that:
A) prices adjust perfectly to new information.
B) announced information events tend to be dependent on one another.
C) investors are price takers.
D) individual investors have the ability to affect security prices.

A Characteristic of an Efficient Market Is That