According to the ______________,identical products sold in different countries must sell for the same price when their price is expressed in the same currency in competitive markets free of transportation costs and barriers to trade.

Question

Quizplus · Accepted Answer

The principle described in the question is known as the "law of one price." It states that identical products sold in different countries should have the same price when expressed in the same currency, assuming competitive markets free of barriers to trade and transportation costs.

According to the ______________,Identical Products Sold in Different Countries Must