Which of the Following Is Not True Regarding Electronic Communications

question 81

Multiple Choice

Which of the following is not true regarding electronic communications networks (ECNs) ?​

• A)They have a visible trading floor.
• B)Trades are executed by a computer network.
• C)They have been created in many countries to match orders between buyers and sellers.
• D)They allow investors to place orders on their computers.
• E)All of the above are true.

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Definitions:

Purely Competitive

A market characterized by a large number of small firms, a homogeneous product, and easy entry and exit, leading to firms being price takers.

Marginal Product

The additional output that is produced by using one more unit of a particular input, keeping all other inputs constant.

Derived Demand

Refers to the demand for a good or service that results from the demand for another good or service.

Productive Resource

Assets, materials, or inputs used in the production of goods and services, including labor, capital, and natural resources.