Which of these stipulates that an identical product must have an identical price in all countries when the price is expressed in a common currency?

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The Law of one price stipulates that an identical product must have an identical price in all countries when the price is expressed in a common currency. This is because of the assumption that there are no transportation costs, trade barriers, or other impediments to international trade. The Law of one price is a key concept in international economics and plays an important role in understanding exchange rates and trade flows between countries.

Which of These Stipulates That an Identical Product Must Have