According to the law of one price,identical goods will have the same price in different markets when the prices are expressed in the same currency if:

Question

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The law of one price assumes that there are no transaction costs or trade barriers that would prevent the price of identical goods from being the same in different markets when expressed in the same currency. If there are such barriers, then the price differential could persist. Fixed or floating currencies alone do not ensure the law of one price. Trade barriers that protect arbitrary price changes would also prevent the law of one price from holding.

According to the Law of One Price,identical Goods Will Have