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Which of the following is NOT the correct description of the equilibrium of Kyle (1985)'s model? Question 20Answer a. The informed trader's optimum order size
Which of the following is NOT the correct description of the equilibrium of Kyle (1985)'s model? Question 20Answer a. The informed trader's optimum order size increases when their information advantage is greater. b. When it is easier to hide, the informed trader increases their order size c. Dealers are less price sensitive when the variance of the noise trader demand is greater d. When the information advantage is greater, the dealers will be more price sensitive to net order flow. e. The informed trader's order size increases with the standard deviation of the noise trader's demand
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