Which of the Following Is NOT a Necessary Condition for an Efficient

question 26

Multiple Choice

Which of the following is NOT a necessary condition for an efficient market?

• A) many buyers and sellers
• B) no prohibitively high barriers to entry
• C) free and readily available information available to all participants
• D) no trading or transaction costs

---

Definitions:

Statutorily

Relating to or enacted by a statute, meaning it is defined or required by law.

Ratification

The act of formally approving an agreement or treaty, making it officially valid.

Implied

Refers to something suggested or understood without being explicitly stated or demonstrated.

Minor's Conduct

Legal actions and behaviors that are subject to different laws and standards due to the individual's age being below the age of majority.