What does it mean to Make a Market? How does the market maker earn a living?...

What does it mean to Make a Market?

How does the market maker earn a living?

What are the differences between a broker and a market maker?

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jeff jeffy answered 1 year ago

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Does Putin’s Russia have a “market economic system”? What does that mean, and how does it...

Does Putin’s Russia have a “market economic system”? What does that mean, and how does it differ from the alternative? What are the key (defining) characteristics of the present Russian economic system? How does this system affect the performance of the Russian economy and the economic welfare of the Russian people? What are the principle challenges/problems faced by that system?

What does it mean to "make a name" for oneself? Does it always mean the same...

What does it mean to "make a name" for oneself? Does it always mean the same thing or not? Consider the example of Gilgamesh before he sets out to slay Humbaba in The Epic of Gilgamesh (p. 20) and the example of Genesis 11.4. What does it mean in each text, respectively, to make one's name?

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What does it mean for a business to earn “normal” profit? What can be said about...

What does it mean for a business to earn “normal” profit? What can be said about the company’s accounting profit if it is earning normal profit? Imagine that you had a business like Kismet. How much accounting profit would you need to make in order to make "normal profit" (also called "zero economic profit")? This number is personal to you...everyone's answer will be different. Explain why you would require that much accounting profit (and why less accounting profit is not...

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What does it mean to say that in market economies the market price is used to...

What does it mean to say that in market economies the market price is used to ration goods? Why is this rationing necessary? Discuss the pros and cons of using the market price to ration goods? Considering the cons of using the market price to ration goods, discuss alternative methods of rationing goods and compare the pros and cons of these alternative methods relative to using the market price.

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