Although markets may not be perfectly efficient, they are relatively efficient. Which of the following is implied by this statement? O Technical analysis is not likely to be rewarded by substantial abnormal returns. O As it relates to fundamental analysis, average or below-average analysis of publicly available information will likely be fruitful. O Fundamental analysis based on publicly available information is likely to successfully generate abnormal profits. O As it relates to technical analysis and fundamental analysis, active trading strategies are likely to outperform passive portfolio management strategies