Multiple Choice
A market maker faces the following demand and supply for widgets.Eleven buyers are willing to buy at the following prices: $15,$14,$13,$12,$11,$10,$9,$8,$7,$6,$5.Eleven sellers are also willing to sell at the same prices.If the market maker bought and sold at the equilibrium price,what is his profit
A) $1
B) $2.5
C) $3
D) $0
Correct Answer:
Verified
Correct Answer:
Verified
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