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Looking for a response to the following statement: Efficiency continuum is when some company's stocks are...

Looking for a response to the following statement:

Efficiency continuum is when some company's stocks are highly efficient within the market, whereas, others are highly inefficient. This basically is determined by the size of the company, larger companies are followed by many analysts and they have good communication with investors, making them highly efficient. Whereas, the smaller companies, are not followed by many analysts and they don't have much communication with the investors, making them highly inefficient.

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Efficiency continuum is a result of human behavior. As companies grow, their stock prices increase and also grows the scope of gains by trading in these stocks. More analysts pay attention to the stocks and so new information flows in faster into the stock market. This makes such stocks more efficient than smaller companies.

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