The law of one price states
A) federal and state statutes that prohibit price discrimination.
B) that identical products should sell for the same price everywhere.
C) that all customers should pay the same price.
D) government regulation of prices for all firms.
B
Economics
You might also like to view...
At a price level of 100, John has savings equal to $20,000. If the price level increases to 130, the buying power of John's savings is approximately
A) $26,000. B) $12,780. C) $30,000. D) $20,000. E) $15,400.
Economics
The Clayton Act of 1936 outlawed price discrimination that reduced competition
Indicate whether the statement is true or false
Economics