Tininient Market Hypothesis Define the three forms of market efficiency.

$3.$ Efficient Market Hypothesis Which of the following statements are true about the efficient market hypothesis?

a$.$ It implies perfect forecasting ability.

b$.$ It implies that prices reflect all available information.

c$.$ It implies an irrational market.

d$.$ It implies that prices do not fluctuate.

e$.$ It results from keen competition among investors.