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According to the Law of One Price

Question 100

Multiple Choice

According to the law of one price,


A) it is illegal to pay different people different amounts for the same work.
B) it is illegal to charge different people different amounts for the same product.
C) competition, combined with transferable goods and resources, drives the prices of similar goods toward equilibrium.
D) competition, combined with inherent advantages, drives the prices of similar goods toward equality.

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