When all investors correctly interpret and use their own information,as well as information that can be inferred from market prices or the trades of others,they are said to have:

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Rational expectations refer to the assumption that all investors have the same information and interpret it accurately, leading to efficient market outcomes. This theory suggests that market participants do not make systematic errors in their decision-making and that market prices reflect all available information.

When All Investors Correctly Interpret and Use Their Own Information,as