Use the Graph to Answer the Question

question 2

Multiple Choice

Use the graph to answer the question.
- In what quarter was the revenue the least for 2000?

• A)second quarter
• B)fourth quarter
• C)first quarter
• D)third quarter

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Definitions:

Market Efficiency

An idea in financial economics stating that the prices of assets completely incorporate all existing information.

Market Efficiency

A concept in financial economics that states that asset prices fully reflect all available information, making it impossible to consistently achieve higher returns than the overall market.

Capital Market History

The study of the evolution and development of financial markets, instruments, and institutions over time.

Treasury Bills

Short-term government securities with maturities of one year or less, sold at a discount to their face value.