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31. Fragrances, Inc. of America charges U.S. wholesale prices that are 50 percent higher than its Europe. Because of this price differential, the company's perfumes
31. Fragrances, Inc. of America charges U.S. wholesale prices that are 50 percent higher than its Europe. Because of this price differential, the company's perfumes sold to channels European wholesalers are leaked back into the United States through and are sold at a lower (discounted) price. This is an example of a) an illegal import b) a gray market. c) a countertrade practice d) transfer pricing
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