Explain market efficiency theory


1) Please explain market efficiency theory?

2) What is strong-form efficiency? Which stock exchange would be an example for this type of market efficiency?

3) What is semistrong-form efficiency? Which stock exchange would be an example for this type of market efficiency?

4) What is weak-form efficiency? Which stock exchange would be an example for this type of market efficiency?

5) How would we test for market efficiency? Please provide one specific example.

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Finance Basics: Explain market efficiency theory
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