NO.PZ2023040301000083
问题如下：
Which of the following inferences concerning market efficiency most accurate?
选项：
A.Fully exploitable over and under-reactions often occur in efficient markets
Market pricing anomalies and behavioral biases are contrary to the existence of market efficiency
If a market is semi-strong form efficient neither technicians nor fundamental analysts can expect to consistently earn abnormal returns
解释：
If securities markets are semi-strong form efficient, active trading to exploit price patterns or public information is not likely to generate abnormal returns. Thus, both technical and fundamental analyses become futile exercises.
如题
