In the Kyle (1985) model, the dealers' key decision outcome variable is:

a.

The uninformed trading demand

b.

The market clearing price

c.

The informed trading demand

d.

Other

e.

The informed trader's information advantage

Under the Kyle (1985) model equilibrium and all else being equal, the dealers's price sensitivity to order flow increases with:

a.

The informed trader's information advantage

b.

The change in the fundamental value of the stock

c.

The number of dealers in the market

d.

The noise created by liquidity traders in the market