Question: 7 . . . means you do not specify a price, rather you want the order to execute immediately at the most favorable price available,

7 . . .

means you do not specify a price, rather you want the order to execute immediately at the most favorable price available, whereas means you specify a maximum price you were willing to pay, and you were willing to wait until the shares were available at that price. a

.

Limit order, market order b

.

Limit order, maximum order c

.

Market order, limit order d

.

Market order, maximum order

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