![Externally efficient market](https://host.easylife.tw/pics/201803/EfficientToDoList/01_EfficientToDoList.png)
Theefficient-markethypothesis(EMH)isahypothesisinfinancialeconomicsthatstatesthatassetpricesreflectallavailableinformation.,Theexternalefficiencyofaneducationalsystemismeasuredbylookingatthesuccessthatthegraduatesofdifferentlevelsofeducationhavei...
When a market is externally efficient it means that a
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- informationally efficient market
a.Timelyandaccurateinformationisavailableb.Themarketisliquidc.Transactioncostsarelowd.Pricesadjustrapidlytonewinformatione.
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