Why would we expect the law of one price to hold in principle? Why might it fail

Question:

Why would we expect the law of one price to hold in principle? Why might it fail to hold in practice?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Macroeconomics

ISBN: 978-0393923902

3rd edition

Authors: Charles I. Jones

Question Posted: