The efficient markets hypothesis says that beating the market consistently is
a. impossible. Many studies find that beating the market is, at best, extremely difficult.
b. impossible. Many studies find that beating the market is relatively easy.
c. relatively easy. Many studies find that beating the market is, at best, extremely difficult.
d. relatively easy. Many studies find that beating the market is relatively easy.
a
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In monopolistic competition, if a firm advertises and raises its product, it tends to:
A. Raise costs and increase demand for its product B. Raise costs and decrease demand for its product C. Lower costs and increase demand for its product D. Lower costs and decrease demand for its product
The difference between the economy's potential output and its actual output relative to its potential output at a point in time is called the:
A. trade deficit. B. budget deficit. C. output gap. D. full-employment rate.