____ efficiency states that all publicly available information is reflected in current market prices.

Question

Quizplus · Accepted Answer

The statement refers to the semistrong-form efficiency, which suggests that all publicly available information, including historical price data and financial statements, are reflected in current market prices. The weak-form efficiency only considers past price information, while the strong-form efficiency includes both public and private information. The economic efficiency is a broader concept that refers to the most efficient allocation of resources in an economy.

____ Efficiency States That All Publicly Available Information Is Reflected