The Law of One Price states that identical products should be priced identically in different markets,once the price is converted to the same currency in each market.

Question

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The Law of One Price suggests that the price of identical products should be the same in different markets once the price is converted into the same currency in each market. This law helps to eliminate any arbitrage opportunities where someone could buy the product in one market and sell it in another market for a profit.

The Law of One Price States That Identical Products Should