A wide bid/ask spread could indicate which of the following?

Question

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A wide bid/ask spread indicates that there is a large difference between the highest price a buyer is willing to pay (bid) and the lowest price a seller is willing to accept (ask). This suggests that there is not enough liquidity in the market, which makes it difficult to execute trades quickly and at a fair price. This indicates an inefficient market, where buyers and sellers cannot easily match up, making it challenging to transact trades.

A Wide Bid/ask Spread Could Indicate Which of the Following