Accounting studies testing market efficiency have conclusively found that
A. Markets are highly efficient
B. Markets are more efficient in the short term
C. Markets are efficient in the long term
D. There is not conclusive evidence about market efficiency
Answer:B
Accounting studies testing market efficiency have conclusively found that
A. Markets are highly efficient B. Markets are more efficient in the short term C. Markets are efficient in the long term D. There is not conclusive evidence about market efficiency