Asked by

Minylehal Worku
on Dec 08, 2024

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If information is less costly and more easily available, then usually this

A) makes markets more efficient.
B) makes markets less efficient.
C) increases profit opportunities.
D) increases the opportunity cost of acquiring more information.

Efficient Markets

These are markets where prices fully reflect all available information, making it impossible to consistently achieve higher returns than the market average.

Opportunity Cost

Overlooking possible gains from other alternatives by dedicating to one path.

Information

A collection of data that is processed, organized, and interpreted to provide value and understanding to the recipient.

  • Identify factors contributing to market efficiency.
  • Recognize the impact of information availability on market operations and efficiency.
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Makaveli SwindellDec 15, 2024
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