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Which of the following is the term for the market-makers source of profit resulting from the fact that energy producers are willing to sell forward

Which of the following is the term for the market-makers source of profit resulting from the fact that energy producers are willing to sell forward below future expected price, and energy users are willing to buy above future expected price?

a.

bid-ask spread

b.

risk premium

c.

rebate

d.

front-running

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