Question: Please explain and show me how to get the answer 9. Suppose there are 11 buyers and 11 sellers, each willing to buy or sell

Please explain and show me how to get the answer

9. Suppose there are 11 buyers and 11 sellers, each willing to buy or sell one unit of a good, with values {$14, $13, $12, $11, $10, $9, $8, $7, $6, $5, $4,}. Assume no transaction costs and a competitive market. At the optimal bid-ask spread, how many transactions would the market maker undertake in this market

three transactions

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