________ Began Trading in 1969 and Was Essentially the First

question 39

Multiple Choice

________ began trading in 1969 and was essentially the first electronic communications network.

• A) Instinet
• B) CBOE
• C) ISE
• D) Nasdaq

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Definitions:

Economies of Scale

The economic benefits that businesses gain from operating at a larger scale, typically resulting in lower costs per unit of production as the scale increases.

Economies of Scope

Cost advantages that a business experiences when it increases the variety of products or services it offers, leveraging shared operations or resources.

Market Share

The portion of a market controlled by a particular company or product, often expressed as a percentage of total sales in that market.

Profitability

The degree to which a business or activity yields profit or financial gain, often expressed as a percentage of revenue.