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Race Result Details |
Racer | Kyle (adifferentworld) |
Race Number | 623 |
Date | Fri, 3 Nov 2017 05:35:35 +0000 |
Speed |
65 WPM
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Accuracy | 95.2% |
Rank | 2nd place (out of 5) |
Opponents | force_of_will (3rd place) jordems (1st place) |
Text typed:
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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
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