Another Way to State the Efficient Market Hypothesis Is That

Multiple Choice

Another way to state the efficient market hypothesis is that in an efficient market,

A) unexploited profit opportunities will never exist as market participants, such as arbitrageurs, ensure that they are instantaneously dissipated.
B) unexploited profit opportunities will not exist for long, as market participants will act quickly to eliminate them.
C) every financial market participant must be well informed about securities.
D) only A and C of the above.