Use the Following Information to Answer the Questions

question 61

Essay

Use the following information to answer the Questions
Suppose that the continuous distribution of voters' ideal points is the bent solid line below.
-Explain why the bent solid line describes a continuous distribution.

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Definitions:

Electronic Communication Network (ECN)

A type of computer system that facilitates trading of financial products, such as stocks and currencies, outside traditional stock exchanges, allowing direct trading between parties.

Stock IPO

An Initial Public Offering, the process by which a private company goes public by offering its stock for the first time to the general public and other investing institutions.

Brokered Market

A marketplace where buyers and sellers are brought together by agents or brokers to facilitate transactions.

Market Order

An order to buy or sell a security immediately at the best available current price.