According to the law of ________,after accounting for transportation costs and trade barriers,identical goods in different locations must sell for the same price.

Question

Quizplus · Accepted Answer

The law of one price states that identical goods in different locations must sell for the same price after accounting for transportation costs and trade barriers. This principle is important in international trade and helps to promote efficient markets and minimize arbitrage opportunities.

According to the Law of ________,After Accounting for Transportation Costs