Asked by Brandon Watson on Apr 24, 2024
Verified
________ market is characterized by the fact that profit opportunities are eliminated almost instantaneously.
A) An inefficient
B) An efficient
C) A government-controlled
D) A command
Efficient Market
A market in which all available information is fully and immediately reflected in asset prices, thus making it impossible to consistently achieve higher returns on investment than average market returns on a risk-adjusted basis.
Profit Opportunities
Situations where businesses can generate higher returns on investment than the market average.
- Recognize the characteristics of efficient markets.
Verified Answer
Learning Objectives
- Recognize the characteristics of efficient markets.
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