The anomalies literature

A) provides a conclusive rejection of market efficiency.
B) provides conclusive support of market efficiency.
C) suggests that several strategies would have provided superior returns.
D) provides a conclusive rejection of market efficiency and suggests that several strategies would have provided superior returns.
E) None of the options are correct.

Anomalies Literature

Studies and publications that investigate inconsistencies or deviations from common financial theories or market efficiency, often identifying patterns or behaviors that cannot be explained by traditional models.

Market Efficiency

The degree to which stock prices reflect all available, relevant information, making it impossible to consistently achieve higher returns.

Superior Returns

Financial returns that exceed those of a benchmark or average over the same period.