The Main Difference Between the Three Forms of Market Efficiency

question 42

Multiple Choice

The main difference between the three forms of market efficiency is that

• A) the definition of efficiency differs.
• B) the definition of excess return differs.
• C) the definition of prices differs.
• D) the definition of information differs.
• E) they were discovered by different people.

---

Definitions:

Type of Justice

Refers to the concepts of distributive justice (fair distribution of resources), procedural justice (fairness in the procedures that lead to outcomes), and interactional justice (fairness in interpersonal interactions).

Interactional Justice

The perceived fairness of the interpersonal treatment and communication received during the decision-making process.

One-to-one Relationships

Direct interpersonal relationships characterized by individualized communication and interaction, often important in negotiation contexts.

Parties Treat

In the context of negotiations or agreements, it refers to the manner in which involved parties behave towards each other, including how they communicate and fulfill agreements.