Which of the Following Is Not a Characteristic of an Efficient

question 95

Multiple Choice

Which of the following is not a characteristic of an efficient market?

• A) Information is rapidly reflected in market prices.
• B) The market has a large number of buyers and sellers.
• C) Prices vary for a single asset or commodity as a result of differences in people's willingness to pay.
• D) Prices reflect the intrinsic value of an asset.
• E) Markets that function with a minimum of waste or excessive trading costs.

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