NASDAQ Has

question 96

Multiple Choice

NASDAQ has:

• A) an electronic network that transmits orders directly to the trading floor.
• B) both floor and commission brokers.
• C) three separate markets.
• D) a single designated market maker for each listed stock.
• E) level 3 data available online for easy access by all investors.

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Definitions:

Fixed Cost

Costs that do not vary with the level of output or production, such as rent, salaries, or insurance.

Average Fixed Cost

The fixed costs of production divided by the quantity of output produced, illustrating how fixed costs dilute over larger production volumes.

Average Variable Cost

The total variable cost divided by the quantity of output, representing the variable cost of producing one additional unit.

Marginal Cost

The financial outlay for making an additional unit of a product or service.