What terms refers to the process of taking advantage of different prices for a good in different markets?
A) arbitrage
B) currency exchange
C) capitalism
D) the law of one price

Question

Quizplus · Accepted Answer

The process of taking advantage of different prices for a good in different markets is called arbitrage. This involves buying the good in the market where it is priced lower and selling it in the market where it is priced higher, thus making a profit from the price difference. Currency exchange and capitalism are related to economics, but not specifically to this process. The law of one price is a concept that suggests that identical goods should have the same price in different markets, but it is not directly related to the process of arbitrage.

What Terms Refers to the Process of Taking Advantage of Different