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The Law of One Price, an Economic Principle, Means That

Question 41

Multiple Choice

The law of one price, an economic principle, means that the price of a product in different markets should be:


A) the same if the raw materials were obtained from a single source.
B) the same if adjusted for inflation.
C) the same if taxes are adjusted based on a single currency.
D) the same if there are no significant costs associated with moving between markets.

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