Which of the following statements regarding market efficiency is incorrect? The existence of price momentum and reversals suggests that the market is not perfectly efficient. If the market is strong-form efficient, then even members of the board of directors cannot earn an abnormally large profit by trading in their firm's stock. olf the market is weak-form efficient, this means that all past price movements are already incorporated into current stock prices. of the market is semi-strong form efficient, this means that all publicly available information has been incorporated into share prices. In reality, traders with insider information cannot earn an abnormally large profit