Consider the following limit order book of a specialist. The last trade in the stock occ...

Consider the following limit order book of a specialist. The last trade in the stock occurred at a price of $50.

a. If a market buy order for 100 shares comes in, at what price will it be filled?

b. At what price would the next market buy order be filled?

c. If you were the specialist, would you want to increase or decrease your inventory of this stock?