Uncertainty (uncertainty)

Race #1921

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Official speed 50.12 wpm (99.60 seconds elapsed during race)
Race Start July 28, 2020 5:22:12pm UTC
Race Finish July 28, 2020 5:23:52pm UTC
Outcome No win (3 of 5)
Accuracy 94.0%
Points 62.65
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.