Which one of the following statements is not part of the incomplete revelation hypothesis (IRH)?

Question

Quizplus · Accepted Answer

The IRH argues that some relevant information may not be fully reflected in security prices. However, it does not suggest that footnote disclosure alone is sufficient for this information to impact prices. Rather, the hypothesis implies that even with full disclosure, some information may not be fully reflected in prices due to various market frictions such as noise traders or institutional constraints. Choice B contradicts this idea by implying that footnote disclosure alone would lead to full market efficiency.

Which One of the Following Statements Is Not Part of the Incomplete