An efficient market is one where the prices of the assets traded in that market fully reflect all available information at any instant in time.

Question

Quizplus · Accepted Answer

In an efficient market, all relevant information is quickly taken into account by investors, causing asset prices to reflect all available information. This means that it is not possible to consistently earn above-average returns without taking on higher-than-average risks.

An Efficient Market Is One Where the Prices of the Assets