The Basis for Efficient Markets Includes All of the Following

question 47

Multiple Choice

The basis for efficient markets includes all of the following EXCEPT:

• A) A small number of well-informed investors who collude to set fair prices.
• B) Many investors attempting to maximize their returns from investing.
• C) Immediate reactions by investors to pertinent new information.
• D) Investors benefitting by obtaining important new information first.
• E) Investors constantly seeking better investment opportunities.