What does the term "market equivalence" imply?
A)indifference on the part of a decision maker among available choices
B)the existence of a mathematical relationship between time and money
C)the ability to exchange one cash flow for another at minimum cost
D)the ability to exchange one cash flow for another at no cost
E)the ability to obtain a zero net cash flow

Question

Quizplus · Accepted Answer

Market equivalence implies that a decision maker is indifferent among available choices, meaning they perceive the options as having equal value or utility.

What Does the Term "Market Equivalence" Imply