Asked by Tomas Calderaro on Apr 26, 2024
Verified
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.
Verified Answer
Learning Objectives
- Understand the significance of spreading information and competitive dynamics in maintaining efficient markets.
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