4. Suppose there is a single market maker in this market. What is the optimal bidask spread?...
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4. Suppose there is a single market maker in this market. What is the optimal bid–ask spread?
a. $2 bid; $10 ask
b. $4 bid; $8 ask
c. $5 bid; $7 ask
d. $6 bid; $6 ask
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Related Book For
Managerial Economics A Problem Solving Approach
ISBN: 9780324359817
1st Edition
Authors: Luke M. Froeb, Brian T. McCann
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