Some investors and stock analysts argued that the increases in the stock prices of many Internet companies between 1995 and 2000 were justified by fundamentals. This means that:

A) they recognized the potential of the Internet.
B) these companies were sure to make profits long into the future.
C) the purchase of those stocks at high prices were justified.
D) all of the above

Stock Prices

represent the current market value of a share of a company's stock, influenced by investor demand, company performance, and market conditions.

Internet Companies

Businesses that operate primarily on the internet, offering services such as social networking, online shopping, and information sharing.

Fundamentals

The basic elements or principles of a subject, theory, or system.