Use the following to answer question: 
-(Figure: Short-Run Costs II) Use Figure: Short-Run Costs II.Curve 3 is the _____ cost curve.
Definitions:
Arbitrage
A trading strategy that exploits price differences of identical or similar financial instruments on different markets or in different forms.
Derivatives Market
A market where financial instruments derived from other assets are bought and sold.
Stock Exchanges
Marketplaces where stocks and other securities are bought and sold, functioning as a platform for companies to raise capital and for investors to trade.
NASDAQ
An international e-marketplace dedicated to the buying and selling of securities, which also acts as the benchmark for U.S. tech stocks.
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