单选题 A security market with price continuity is most accurately characterized as a market which: A. assets can be bought or sold quickly. B. an asset' s price reflects all available information about the asset. C. Prices do not change much from one transaction to the next in the absence of new information.

【正确答案】 C

【答案解析】A well-functioning securities market should possess price continuity; prices should not change much from one transaction to the next unless substantial new information affecting a security's value becomes available.