Thats probably the opposite really IMO. Cheaper rifles will often group just as well but not be as nicely finished and might not feel as good to use - there are always exceptions too though so you can't rely on a price tag to tell you too much apart from whether or not you can afford it.
Sometimes its just a difference between manufacture quality (everything is within design tolerances and does its job) and perceived quality (everything feels more nicely made and finished whether it actually performs better or not). How much money that extra perceived quality is worth is down to personal taste - some people are happy with a rough clunky rifle that gets the job done on a budget, some prefer to spend many thousands on a beatifully crafted custom rifle that makes them smile just to look at it, most of us are somewhere in between.
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