Q3, Comparison: efciency and market presence. Consider again the two markets described in questions 1 and 2. Assume that the limit order prices are equal to the order placer's valuation for the block of shares submitted in the orderJ and think of market orders as placed by agents whose valuation is well outside {above for buyers, below for sellers} the relevant range of trading prices. WhiCh market is Pareto efficient, in the sense that at the end of the trading day.r there is no pair of agents who could both benet bv trading with each other {i.e., after t = El in the continuous order-driven ma rket]? Intuitivelv, whv