There isn't just one bid/ask. Each MM has its own, and it is constantly adjusted to keep up with what's happening. Having a wide spread means they aren't interested in that particular stock at that particular time. Etrade shows .02/.02 right now, before market. Etrade doesn't actually have a bid/ask because they are a broker, not a market maker. But they used to have a MM division that was sold a few years ago. That is probably where they take their bid/ask from now.
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