For the following statements, state whether each of the following statements is "TRUE" or "FALSE". Also, provide an explanation for each of your answer.

a. The efficient market hypothesis implies perfect forecasting ability among investors. (example: TRUE/FALSE. WHY?)

b. A market which is semi-strong form efficient is also weak form efficient.

c. The efficient market hypothesis results from keen competition among investors.

d. The random walk theory implies that investing in stocks is like dart throwing.

e. The drawback of the efficient-market theory is that is ignores investors psychological behaviour.

f. In an efficient market, if you read an announcement in the Economics Newsletter that the recession has ended and economy is recovering and entering a growth phase, you are able to gain abnormal profit if invest in the stock market.