Q. Diamonds are priced higher than water because: - Study24x7
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3608 followers study24x7 16 Dec 2019 05:55 PM study24x7 study24x7

Q. Diamonds are priced higher than water because:

A

they are sold by selected firms with monopolistic powers.

B

their marginal utility to buyers is higher than that of water.

C

their total utility to buyers to higher than that of water.

D

consumers do not buy them at lower prices.

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