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State whether the below statements are True or False 1- Trade between two regions is based on the Law of One Price where the prices

State whether the below statements are True or False 1- Trade between two regions is based on the Law of One Price where the prices in all markets are connected through transportation costs. 2 - The theory of arbitrage suggest that individuals suggests that individuals will take advantage of prices differences in different markets by buying low and selling high thus eliminating any discrepancies in prices Question 2 options: True False

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