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Meaning of law of one price | Babel Free

Noun CEFR C2

Definitions

an economic law that claims a good must sell for the same price in all locations

CEFR level

C2

Mastery
This word is part of the CEFR C2 vocabulary — mastery level.

See also

law of parsimony law of sines law of sufficient reason law of tangents Law of the Instrument law of the jungle