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GK
ENGLISH
CURRENT AFFAIRS
APTITUDE
BANKING
UGC NET
REASONING
COMPUTER SC.
COURSES
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Question
Diamonds are priced higher than water because:
A
They are sold selected firms with monopolistic powers
B
Their marginal utility to buyers is higher than that of water
C
Their total utility to buyers is higher than that of water
D
Consumers do not buy them at lower prices
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Answer & Explanation
Answer: Option [B]
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