The process of buying identical products in one market and selling them in another at virtually the same time is called
A) free enterprise
B) the profit motive
C) arbitrage
D) competition
E) unfettered market

Question

Quizplus · Accepted Answer

This process is known as arbitrage, where an individual or firm takes advantage of price differences in different markets for the same product. By buying in one market at a lower price and selling in another at a higher price, they can make a profit. This process contributes to the efficiency of markets by helping to eliminate price disparities.

The Process of Buying Identical Products in One Market and Selling