Why would we expect law of one price to hold in principle, Macroeconomics

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Why would we expect law of one price to hold in principle

Problem

Why would we expect the law of one price to hold in principle? Why might it fail to hold in practice?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Why would we expect law of one price to hold in principle

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Macroeconomics: Why would we expect law of one price to hold in principle

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