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Semi-Strong-Form Market Efficiency Means That the Information Reflected in Security

question 15

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Semi-strong-form market efficiency means that the information reflected in security prices is:


Definitions:

Production Functions

a mathematical relationship expressing the output that can be produced by a firm or economy from different combinations of factor inputs.

Resale of Goods

The act of selling previously purchased products, often used, to another party.

Price-Inelastic

Describes a situation where the demand for a product does not significantly change with a change in its price.

Price-Elastic

A characteristic of a good or service that indicates the demand for it changes significantly when its price changes.

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