fuizzes$/5571903/$take

No$,$ since the stock prices can be predicted with certainty.

Yes, since no actors will be able to take advantage of any profit opportunities when stock prices move under a random walk.

Question $15$

$2\mathrm{.}5$ pts

$"$An efficient market is one in which no one ever profits from having better information than the rest." Is this statement true, false, or uncertain? Explain your answer.

This is a false statement since people with better information do get better returns than the rest by acting on the better information and eliminating unexploited profit opportunities.

This is a true statement since no one profits more than the market under the efficient market hypothesis.

This is an uncertain statement and does not have any clear$-$cut answer.

This is a true statement since all participants get exactly equal returns under the efficient market hypothesis.