Cut (off), as branches

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Possible Answers: LOP.

Random information on the term “LOP”:

The law of one price (LoP) is an economic concept which posits that “a good must sell for the same price in all locations”. This law is derived from the assumption of the inevitable elimination of all arbitrage.[additional citation needed]

The law of one price constitutes the basis of the theory of purchasing power parity, an assumption that in some circumstances (for example, as a long-run tendency) it would cost exactly the same number of, for example, US dollars to buy euros and then to use the proceeds to buy a market basket of goods as it would cost to use those dollars directly in purchasing the market basket of goods.[additional citation needed]

The law of one price has been applied towards the analysis of many public events such as:

The intuition behind the law of one price is based on the assumption that differences between prices are eliminated by market participants taking advantage of arbitrage opportunities.[additional citation needed]

LOP on Wikipedia

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