JV (jibs12)

Race #4732

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Official speed 85.46 wpm (58.41 seconds elapsed during race)
Race Start April 24, 2020 5:02:31pm UTC
Race Finish April 24, 2020 5:03:30pm UTC
Outcome Win (1 of 5)
Opponents 2. zyxx (84.89 wpm)
Accuracy 98.0%
Points 106.83
Text #3640307 (Length: 416 characters)

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.