Use the Table for the Question(s)below

question 21

Essay

Use the table for the question(s)below.
-Consider an ETF that is made up of one share each of IBM,MRK,and C.The current quote for this ETF currently is $162.75 (bid)$162.80 (ask).What should you do?

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Definitions:

Economies Of Scope

Cost advantages that result from a firm's ability to produce multiple products more efficiently together than separately.

Seasonal Demand

Fluctuations in the demand for certain products or services that occur at specific times of the year.

Diseconomies Of Scope

Exist when the cost of producing two products jointly is more than the cost of producing those two products separately.

Economies Of Scope

Cost advantages that a business achieves by producing a wider variety of products, rather than specializing in a single product or service.