According to the _____,in competitive markets free of transportation costs and barriers to trade,identical products sold in different countries must sell for the same price when their price is expressed in terms of the same currency.
A)law of one price
B)principle of consistent pricing
C)model of fair pricing
D)principle of equitable pricing

Question

Quizplus · Accepted Answer

The given statement refers to the law of one price, which states that in a competitive market free of transportation costs and barriers to trade, identical products sold in different countries must sell for the same price when their price is expressed in terms of the same currency. Therefore, option A is the correct answer. The other options are not applicable in this context.

According to the _____,In Competitive Markets Free of Transportation Costs