Question: What determines whether the bid - ask spread is narrow or wide? Question 1 options: Price volatility, risk, and how deep the market is .

What determines whether the bid-ask spread is narrow or wide?
Question 1 options:
Price volatility, risk, and how deep the market is.
Risk, competition, and the number of broker-dealers active in the market.
Volume, price volatility, and competition.
Volume, how deep the market is, and competition.

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