Buying a product in one market and selling it in another is called

Name: Buying a product in one market and selling it in another is called
Brand: Quizplus
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Buying a product in one market and selling it in another for a profit is known as arbitrage. This takes advantage of price differences between markets and is a way of making money without adding value or creating something new. The other choices, competition, efficiency, and comparative advantage, do not accurately describe this situation.

Buying a Product in One Market and Selling It in Another