contestada

The _____ states that in competitive markets free of transportation costs and barriers to trade, identical products sold in different countries must sell for the same price when their price is expressed in terms of the same currency.

Respuesta :

isaacoranseola

Answer:

law of one price

Explanation:

The law of one price is an economic concept states that the price of a similar asset or commodity will have the same price globally, irrespective of location, when certain factors are put into consideration. In a nutshell, goods are to cost the price in all countries expect for some factors such as added transportation cost, tariffs etc