Question: An efficient market is characterized by: A. Narrow Spreads and High Trading Volume B. Wide Spreads and High Trading Volume C. Narrow Spreads and Low

An "efficient" market is characterized by:

A. Narrow Spreads and High Trading Volume

B. Wide Spreads and High Trading Volume

C. Narrow Spreads and Low Trading Volume

D. Wide Spreads and Low Trading Volume

*Please provide the answer and an explanation

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