Multiple Choice
Arbitrage is the process by which:
A) a good is purchased for a low price in one market and sold for a higher price in another market
B) a good is purchased for a high price in one market and sold for a lower price in another market
C) a good is purchased for a low price in one market and sold for the same price in the same market
D) a good is purchased for a high price in one market and sold for the same price in the same market
Correct Answer:
Verified
Correct Answer:
Verified
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