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Race Result Details |
Racer | ptson (ptson) |
Race Number | 87 |
Date | Wed, 11 Oct 2017 10:14:30 +0000 |
Speed | 61 WPM Try to beat? |
Accuracy | 93.4% |
Rank | 1st place (out of 5) |
Opponents | jelusandstorm (4th place) turnip11 (3rd 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)
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