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enrique_sanchez enrique_sanchez
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6 years ago
The fact that the price of diamonds is higher than the price of water
A) cannot be explained by behavioral economics or consumer choice theory.
B) is an outcome of irrational behavior in consumer choice theory.
C) can be explained only by behavioral economics but not by consumer choice theory.
D) can be explained as the outcome of a consumer optimum in consumer choice theory.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
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Dessa D.Dessa D.
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6 years ago
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#2
6 years ago
Tremendous help, I just double-checked it with my friend Smiling Face with Open Mouth
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