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

question 12

Multiple Choice

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. Which of the following concepts explains the market concentration?

• A) Economies of scale.
• B) Diseconomies of scale.
• C) Economies of scope.
• D) Diseconomies of scope.

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Definitions:

Levallois Tools

A technology of stone tool production characterized by the striking of flakes from a prepared core, used by prehistoric humans.

Homo Heidelbergensis

An extinct species of the genus Homo, believed to be an ancestor to both modern humans and Neanderthals.

Paleoanthropologists

Scientists who study ancient human species, their evolution, and their paleoecology through the examination of fossils and other archaeological remains.

Homoplasic Traits

Traits that appear similar between organisms due to convergent evolution rather than shared ancestry, often resulting from adaptations to similar environmental pressures.