Which of the Below Statements Is FALSE

question 47

Multiple Choice

Which of the below statements is FALSE?

• A) All central markets have incentives to impose order consolidation rules on its members.
• B) In addition to ECNs, other alternative trading systems (ATS) were developed as alternatives to exchanges.
• C) Broadly, there are two types of ATS: (1) crossing networks, which have functioned since the 1980s; and (2) dark pools, which are much more recent.
• D) Crossing networks are electronic venues that display quotes but anonymously match large orders.

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Definitions:

Variable Costs

Costs that change in proportion to the level of production or sales volume.

Profit-maximizing Output

The point of production where a company reaches its maximum profit potential.

Total Revenue

The overall amount of money generated by a firm from selling its goods or services.

Marginal Cost

Marginal cost is the increase in total cost that arises from producing one additional unit of a good or service.