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Other Fields Homework Help Economics Topic started by: Clement on Oct 10, 2019



Title: The law of one price states that identical products should sell for the same price everywhere as ...
Post by: Clement on Oct 10, 2019

Question 1.

The act of buying a product at a low price in one market and reselling the product at a higher price in another market is called arbitrage.



▸ true

▸ false

Question 2.

The law of one price states that identical products should sell for the same price everywhere as long as transactions costs are zero.



▸ true

▸ false


Title: The law of one price states that identical products should sell for the same price everywhere as ...
Post by: swolfe15 on Oct 10, 2019
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