Asked by Tomas Calderaro on Apr 26, 2024

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The tremendous competition in the financial markets reinforces the argument that the financial markets are efficient.

Tremendous Competition

A highly competitive market condition where numerous competitors strive intensely to win market share.

Financial Markets

Places or systems where financial instruments, such as stocks, bonds, and commodities, are traded between investors.

Efficient

The characteristic of being able to accomplish a task or function with the minimum waste of time and effort; effectiveness combined with resourcefulness.

  • Understand the significance of spreading information and competitive dynamics in maintaining efficient markets.
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AM
aaliyah mogajiMay 03, 2024
Final Answer :
True
Explanation :
The competition in financial markets ensures that prices reflect all available information, as investors and traders continuously analyze and act on information, which is a key aspect of market efficiency.