Waterway Industries has gathered the following information for one model of its hiking boots: Variable manufacturing costs $38000 Variable selling and administrative costs $19000 Fixed manufacturing costs $160000 Fixed selling and administrative costs $120000 Investment $1400000 ROI 30 % Planned production and sales 5000 pairs What is the target selling price per pair of boots? O $151.40 $95.40 O $140.00 O $123.60

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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.