The law of one price says that identical products should sell for the same price in all countries, except for those countries that have a large agricultural sector.

Question

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The law of one price states that identical goods should sell for the same price in all markets, including across borders. The exception to this is if there are trade barriers or transportation costs that create price differences. The size of a country's agricultural sector is not relevant to this concept.

The Law of One Price Says That Identical Products Should