Which one of the following statements best defines the efficient market hypothesis? A) Efficient markets limit competition. B) Security prices in efficient markets remain steady as new information becomes available. C) Mispriced securities are common in efficient markets. D) All securities in an efficient market are zero net present value investments. E) All securities provide the same positive rate of return when the market is efficient.

Google started as one of many internet search engines, amazon started as an online book seller, and ebay began as a site where people could sell used personal items in auctions. these firms have grown to be so large and dominant that they are facing antitrust scrutiny from competition regulators in the us and elsewhere. did these online giants grow by fairly beating competition, or did they use unfair advantages? are there any clouds on the horizon for these firms -- could they face diseconomies of scale or diseconomies of scope as they continue to grow? if so, what factors may limit their continued growth?