The law of one price fails as a result of:
A) low tariffs.
B) insignificant transportation costs.
C) similar technical specifications.
D) goods that cannot be traded.

Name: The law of one price fails as a result of: A) low tariffs. B) insignificant transportation costs. C) similar technical specifications. D) goods that cannot be traded.
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Question

Quizplus · Accepted Answer

The law of one price assumes that goods can be freely traded between markets, but goods that cannot be traded will result in different prices in different markets.

The Law of One Price Fails as a Result Of