________ market is characterized by the fact that profit opportunities are eliminated almost instantaneously.

A) An inefficient
B) An efficient
C) A government-controlled
D) A command

Efficient Market

A market in which all available information is fully and immediately reflected in asset prices, thus making it impossible to consistently achieve higher returns on investment than average market returns on a risk-adjusted basis.

Profit Opportunities

Situations where businesses can generate higher returns on investment than the market average.