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jacksonfive09 jacksonfive09
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Posts: 431
5 years ago
Under what circumstances will the law of one price hold, and when might it not hold?
Textbook 
Microeconomics

Microeconomics


Edition: 7th
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wrote...
5 years ago
When arbitrage can easily occur and transactions costs are zero, the law of one price will hold, but if transactions costs are not zero, the law of one price may not hold.
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