QUESTION TEXT: An economist has argued that consumers often…
QUESTION TYPE: Strengthen
CONCLUSION: Consumers often benefit when companies get a government monopoly.
REASONING: If a company has a monopoly, it doesn’t have to spend money on advertising. It can instead invest in research and other things that benefit consumers.
ANALYSIS: Corporations might spend their savings on research. Or….they might spend it on whiskey. Mmm, whiskey.
We can strengthen this argument by showing that corporations actually do spend their savings on things that benefit consumers.
- This tells us that research helps, but it doesn’t tell us that corporations actually do spend money on research.
- This shows a necessary condition for benefits, but it doesn’t tell us that corporations actually do spend money on things that benefit consumers.
- CORRECT. Here we go. This shows that consumers tend to benefit from monopolies.
- Great. But this doesn’t tell us that a monopoly will increase research spending.
- This doesn’t tell us how the company spends the money. They might waste it.
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