Solved: Define arbitrage and the law of one price, Macroeconomics

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Define arbitrage and the law of one price

Question: Define arbitrage and the law of one price. What role do they play in a market-based system? What do we call the 'one price' of an asset?

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Macroeconomics: Define arbitrage and the law of one price

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Macroeconomics: Define arbitrage and the law of one price

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