Question: ... please do it correctly.. Question must Consider the following set of orders for the VOD stocks Time Traders Order Side Size Price 10:00 ABC

... please do it correctly.. Question must

... please do it correctly..

Question must Consider the following set of orders for the VOD stocks Time Traders Order Side Size Price 10:00 ABC Sell 4 20 10:05 DEF Buy 3 21 10:08 GHI Buy 5 20 10:09 JKL Sell 5 22 10:10 MNO Buy 7 18 10:15 POR Sell 7 Market 10:18 STU Sell 5 19 10:20 VWX Buy 6 6 Market 10:30 YZ Sell 4 21 Assume that the above orders are sent to a single-price call auction. (1) Make appropriate assumptions, draw the demand and the supply schedules, and compute the traders' total surplus. Explain what the total surplus represents and why we measure it

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