A Taiwanese discount store is able to purchase and import Coke made in the United States for 27 percent less than the price of Coke made in Taiwan. This is a example of a ________.

Question

Quizplus · Accepted Answer

This is an example of a gray market, where goods are legally imported from another country without the permission of the intellectual property owner, often leading to a price difference due to variations in market conditions or currency values.

A Taiwanese Discount Store Is Able to Purchase and Import