Define the Three Forms of Market Efficiency

question 2

Essay

Define the three forms of market efficiency.

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Definitions:

Higher Performance

Indicates achieving superior outcomes or results in a given activity or process compared to average or expected standards.

Accurate

Free from errors or mistakes; precise and correct in all details.

Knowledge-based Subgroups

Groups within an organization or community formed around specific sets of expertise or knowledge areas.

Technical Jargon

Specialized language or terms used within a specific field or profession, often incomprehensible to those outside the domain.