The law of one price applies to all goods except those, Ask an Expert

Economics

The "law of one price" applies to all goods, except those that:

1) cannot be transported

2) are produced onlly in one location

3) are produced in a country that does not have a comparative advantage

4) are included in calculating the parity of purchasing power

5) are affected by arbitrage

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91678098

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