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Racer Alvin (alvinthechipmunk)
Race Number 8
Date Sat, 28 Apr 2018 04:39:36 +0000
Speed 93 WPM Try to beat?
Accuracy 97.2%
Rank 2nd place (out of 6)
Opponents darkfirefang (4th place) szhao108 (3rd place) zkim9546 (1st place)

Text typed:

Although the law of one price holds for goods that are nearly uniform in characteristics and quality and easily traded in nearly perfectly competitive markets, many - if not most - goods are not like that. Goods of the same general type may be differentiated in important ways: a Lexus LS and a Ford Focus are both cars, yet they are very different cars, and there is no reason that their prices should be identical.
Applied Intermediate Macroeconomics (book) by Kevin D. Hoover (see stats)

Typing Review: