It is cheaper to hire a plumber locally than to hire a plumber from Australia. This fact violates the law of one price.

Name: It is cheaper to hire a plumber locally than to hire a plumber from Australia. This fact violates the law of one price.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The law of one price primarily applies to identical goods in efficient markets, and does not directly relate to the cost of services such as plumbing, which can vary significantly due to local economic conditions, labor costs, and other factors.

It Is Cheaper to Hire a Plumber Locally Than to Hire