What is the basic assertion of the efficient capital market theory? What are the implications of an "efficient market" for:
Definitions:
Functionalist Theory
A theory positing that every aspect of society is interdependent and contributes to society's functioning as a whole.
Net Benefit
A measure of the total positive outcomes minus the negative outcomes associated with a decision or policy.
Canadian Charter
The Canadian Charter of Rights and Freedoms, a bill of rights embedded in the Constitution of Canada, protecting various civil and political rights.
Rights And Freedoms
Entitlements and liberties that individuals have in a society, typically protected by law or identified in constitutions, including freedom of speech, religion, and the right to privacy.
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