Here is a small part of the order book for Mesquite Foods: Bid Size 240 Ask Price Size Price $ 184.5 $ 104.8 %24 104 $ 103.5 102 $ 100.8 480 488 860 480 960 720 105 $ 105.5 820 a. Georgina Sloberg submits a market order to sell 240 shares. What price will she receive? Price b. Norman Pilbarra submits a market order to buy 960 shares. What is the maximum price that he will pay? (Round your answer to 2 decimal places.) Maximum price

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.