How much can you profit from first small amount of arbitrage

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Reference no: EM131210840

Consider the numerical example that we used to demonstrate the thinking of Adam Smith.

Assume that there is now no international trade. You are the first person to notice the differences between the countries and the possibility of international trade. How would you engage in arbitrage?

How much can you profit from your first small amount of arbitrage?

Reference no: EM131210840

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