The law of one price states that in an efficient market, like products will never have like prices.

Question

Quizplus · Accepted Answer

The law of one price states that like products should have like prices in an efficient market. This means that the same product should have the same price in different locations or markets. If prices are different for the same product, there may be arbitrage opportunities available to exploit the price differences, which will ultimately lead to equalization of prices.

The Law of One Price States That in an Efficient