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.

---

Definitions:

Marginal Revenue Product

The additional revenue produced from using one more unit of an input.

Marginal Labor Cost

The additional cost incurred by hiring one more unit of labor.

Hourly Wage

The amount of money that an employee is paid for each hour of work.

Production Workers

Production workers are employees involved in the manufacturing process or operations of producing goods and services.