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Race Result Details |
Racer | The Dutch Cat (nmessick) |
Race Number | 1181 |
Date | Sun, 4 Aug 2019 07:03:34 +0000 |
Speed |
55 WPM
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Accuracy | 94.7% |
Rank | 2nd place (out of 4) |
Opponents | bacheese (1st place) e1835250 (3rd 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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