ASX200 Index Level High prices 7500 7000 High prices 6500 6000 5500 5000 High prices mummy hann 4500 4000 Low prices Low prices 3500 3000 Low prices B2a. Assume markets are efficient and investors are fully rational. At what point in the market cycles of ups and downs are expected returns likely to be at their highest? When the market is strong and prices are relatively high, or when the market is weak, like when the market crashed in March of 2020, and prices relatively low? (Answer either "when prices are high", "when prices are low" or "neither")[1 mark] B2b. Explain why. [3 marks]