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Clement Clement
wrote...
Posts: 356
A week ago

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
Textbook 

InMicro


Edition: 1st
Authors:
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Answer verified by a subject expert
swolfe15swolfe15
wrote...
Posts: 316
A week ago
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Answer 1

true

Answer 2

true
1

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