Which Form of Market Efficiency Exists If the Market Is

question 47

Multiple Choice

Which form of market efficiency exists if the market is efficient only in regard to historical information?

• A)mild form
• B)weak form
• C)historical form
• D)semistrong form
• E)strong form

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Definitions:

Public Good

A product or service that is provided without profit to all members of a society, either by the government or a private individual or organization.

Nonexcludable

A characteristic of a good where it is not possible to prevent individuals from accessing or consuming the good.

Nonrival Consumption

A situation where one individual's consumption of a good does not reduce the amount available for consumption by others.

Private Goods

Goods that are excludable and rivalrous in consumption, meaning they can only be used by one person at a time.