The law of one price would least likely apply to
A) steel.
B) oil.
C) corn.
D) computers.

Question

Quizplus · Accepted Answer

The law of one price states that identical goods or services should have the same price in different markets, assuming there are no transportation costs or trade barriers. Steel, oil, and corn are all standardized commodities that can easily be traded in global markets, so they are more likely to have similar prices across locations. Computers, on the other hand, can vary widely in terms of features, quality, and brand, leading to significant price differences.

The Law of One Price Would Least Likely Apply to