Question: 1: How does the informed trader determine the value of their key decision outcome variable? Explain in your own words. 2: What is the dealers'

1: How does the informed trader determine the value of their key decision outcome variable? Explain in your own words.

2: What is the dealers' key decision outcome variable?

3: How do the dealers determine the value of their key decision outcome variable? Explain in your own words.

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