What does it mean for a financial market to be considered (a) informationally efficient and (b) economically efficient?

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
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ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter11: Investment Planning
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What does it mean for a financial market to be considered (a) informationally efficient and (b) economically efficient? 

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