How to solve XAT 2013 Question 117?

This question can be solved by applying the core concept explained in the solution above, followed by step-by-step calculation and elimination of options.

Which concept is tested in this question?

This question tests fundamental concepts commonly asked in XAT exams.

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XAT 2013 Question 117

This is a detailed step-by-step solution for XAT 2013 Question 117. Understand the concept, common mistakes, and expert tips to solve similar questions in XAT exam.

XAT

Amartya Sen was awarded Nobel prize for welfare economics.
Joseph Stiglitz was awarded Nobel prize in economics in 2001 for the analyses of markets with asymmetric information.
Oliver Williamson was awarded the Nobel prize in 2009.
Therefore, option A is the right answer.

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