At the Time of Writing, the Top Three Providers of Exchange-Traded

question 18

Essay

At the time of writing, the top three providers of exchange-traded funds in the United States were Blackrock, Vanguard, and State Street which accounted for almost 80% of the market. How does such concentration relate to economies of scale?

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Definitions:

Cohesive Team

A cohesive team is a group of individuals who work well together, creating a harmonious and productive working environment.

Path-Goal Theory

A leadership theory that suggests leaders can increase subordinate satisfaction and performance by clarifying the paths to work goals.

Task-Oriented Leadership

A leadership style focused primarily on the execution of tasks, the achievement of specific objectives, and the efficiency of operations.

Behavioral Perspective

An approach in psychology focusing on observable behaviors and the ways in which the environment influences actions.