Suppose There Are 11 Buyers and 11 Sellers,each Willing to Buy

question 30

Multiple Choice

Suppose there are 11 buyers and 11 sellers,each willing to buy or sell one unit of a good,with values {$14,$13,$12,$11,$10,$9,$8,$7,$6,$5,$4,}.Assume no transaction costs and a competitive market.If there is a market maker in this market.What is the profit maximizing bid-ask spread per unit for a market maker?

• A)​$6 bid;$12 ask
• B)$7 bid;$11 ask
• C)$8 bid;$10 ask
• D)​$9 bid;$9 ask

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Definitions:

Respiratory Systems

The organs and structures that allow an organism to breathe and exchange oxygen and carbon dioxide throughout the body.

Brain Cells

Cells located in the brain, including neurons and glial cells, responsible for processing and transmitting information.

Digestive Systems

A complex series of organs and glands responsible for the ingestion, breakdown, absorption, and processing of food and nutrients.

Environmental Factors

External elements that can influence the development, behavior, and survival of organisms, including climate, habitat, and pollution.