The law of one price O implies that a given good should sell for the same...

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The law of one price O implies that a given good should sell for the same amount of currency, no matter where it's sold O is more likely to hold when arbitrage is relatively cheap and easy O holds for individual goods, but not so much for a "market basket" of what's typically bought O is more likely to hold if there are significant transportation and storage costs for inventory The law of one price O implies that a given good should sell for the same amount of currency, no matter where it's sold O is more likely to hold when arbitrage is relatively cheap and easy O holds for individual goods, but not so much for a "market basket" of what's typically bought O is more likely to hold if there are significant transportation and storage costs for inventory

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The detailed answer for the above question is provided below ANSWER O implies that a given good s... View the full answer