All of the Following Are Characteristics of a Dealer Market

question 9

Multiple Choice

All of the following are characteristics of a dealer market except:

• A) Also referred to as a quote-driven market
• B) NASDAQ market is a dealer market
• C) Individual dealers buy and sell shares for themselves
• D) Centralized trading location
• E) All of the above are characteristics of a dealer market

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Definitions:

Output Effect

The impact on total revenue when a firm changes its output level, considering demand elasticity.

Substitution Effect

The change in consumption patterns due to a relative change in prices leading consumers to substitute one product for another.

Derived Demand

The demand for a good or service that arises from the demand for another good or service; for example, the demand for steel is derived from the demand for cars.

Wind Turbine Service Technicians

Professionals specialized in maintaining and repairing wind turbines to ensure their efficient operation.