Question: In the sequential trade model, if the uncertainty about V increases: O a. The bid-ask spread goes down. OD. The bid-ask spread stays unchanged C.
In the sequential trade model, if the uncertainty about V increases: O a. The bid-ask spread goes down. OD. The bid-ask spread stays unchanged C. The bid-ask spread goes up. d.It is not clear what happens to the bid-ask spread
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