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One of the arguments in favor of the efficiency of the weak form of the Efficient Markets Hypothesis is: a. that superior performance cannot be

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One of the arguments in favor of the efficiency of the weak form of the Efficient Markets Hypothesis is: a. that superior performance cannot be achieved through technical analysis as the gains that could be generated through pattern identification would be lost by subtracting transaction costs due to the active buying and selling of financial instruments to respond to the findings of the analysis b. that a superior performance cannot be achieved through technical analysis since the gains that could be generated through the identification of patterns, would not be affected by subtracting the transaction costs due to the active purchase and sale of assets to respond to the analysis findings c. that superior performance cannot be achieved through fundamental analysis since in an active market there are many analysts doing the same analysis so they could not achieve additional advantages d. that a superior return cannot be achieved through fundamental analysis since the gains that could be generated through the identification of patterns, would not be affected by subtracting the transaction costs due to a passive investment strategy

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