Analyze the capital market scenario of the following countries and indicate (mention) what form of market efficiency is observed in these capital markets under Efficient Market Hypothesis (EMH)?

• Country A : Prices already reflect all PAST information.
• Country B: Prices not only reflect the history of prices but all publicly available information.
• Country C: Prices reflect all available information, regardless of them being public or private.

Identify the difference between technical and fundamental analysis and Efficient Market Hypothesis (EMH) implication for each type of analysis