$1.$ You set your initial market $98$ to $103,$ and a trader buys on your offer at $103.$ What would be an appropriate estimated range for the trader$$s card value?

A$.$ Below $23$

B$.$ Above $23$

C$.$ Above $33$

D$.$ Below $17$

$2.$ You get a card with a value of $10.$ Which of the following is an appropriate initial market?

A$.83$ to $88$

B$.88$ to $93$

C$.98$ to $103$

D$.107$ to $112$

$3.$ You get a card with a value of $5.$ Which of the following is an appropriate initial market?

A$.83$ to $88$

B$.88$ to $93$

C$.98$ to $103$

D$.107$ to $112$

$4.$ You are the market maker and receive a card with number $35.$ Where should you set your market to ensure you are buying below your expected fair value and selling above your expected fair value on your next trade?$$

A$.103$ to $108$

B$.98$ to $103$

C$.93$ to $98$

D$.113$ to $118$

$5.$ If you get a card with a value of $20,$ which of the following is an appropriate initial market?

A$.80$ to $85$

B$.95$ to $100$

C$.98$ to $103$

D$.107$ to $112$