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In the case of fungible commodities international trade establishes a single market. This means that a.there is a single place where interested parties can purchase

  1. In the case of fungible commodities international trade establishes a single market. This means that
  2. a.there is a single place where interested parties can purchase the commodity at varying prices
  3. b.there is a single worldwide price for the commodity
  4. c.there is a single place where interested parties can purchase the commodity at the same price

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