The Efficient Market Theory states that "if prices are right, there are no easy profit opportunities"

Ans. Starting with thee first statement that in the effecient market theory if the prices are right, there are no easy profit opportunities available this means in the strong market effecient theory any flaw or the information or technicals on the basis of which the investor tries to take a position on the stock for earning profit is already inclusive in the price of the stock that means that the currently at which the stock is trading is inclusive of the hidden information or any of the factors that are available to the other investors, thus the opportunity to earn profit is not there. Whereas in the second statement that states that in the absence of profits opportunities, it doesnot mean that the price of the stock is right, it means that even if all the information that is hidden or available to the public is included in the price of the stock itself it doesnt mean that the price of the stock is correct.