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Senior Manager
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When a company refuses to allow other companies to produce [#permalink]
 29 Dec 2006, 00:15
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When a company refuses to allow other companies to produce patented technology, the consumer invariably loses. The company that holds the patent can charge exorbitant prices because there is no direct competition. When the patents expire, other companies are free to manufacture the technology and prices fall. Companies should therefore allow other manufacturers to license patented technology.
The argument above presupposes which of the following?
1. Companies cannot find legal ways to produce technology similar to patented technology.
2. Companies have an obligation to act in the best interest of the consumer.
3. Too many patents are granted to companies that are unwilling to share them.
4. The consumer can tell the difference between patented technology and inferior imitations.
5 .Consumers care more about price than about quality.
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VP
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2.
2 is needed because the reason that companies need to share the patent is not mentioned. it is asking for a reason that is good for the consumer.
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Manager
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Its B
2. Companies have an obligation to act in the best interest of the consumer.
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Senior Manager
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(2)
Patents cause consumers to lose. Companies should allow other companies to use the patent technology. What is the initial assumption? That companies should care.
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Director
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Yes it's B.
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Senior Manager
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Re: CR_When a company refuses to allow ... [#permalink]
31 Dec 2006, 17:12
2 is the most direct assumption. The missing premise is related to why should companies share the patents.
mm007 wrote: When a company refuses to allow other companies to produce patented technology, the consumer invariably loses. The company that holds the patent can charge exorbitant prices because there is no direct competition. When the patents expire, other companies are free to manufacture the technology and prices fall. Companies should therefore allow other manufacturers to license patented technology.
The argument above presupposes which of the following?
1. Companies cannot find legal ways to produce technology similar to patented technology.
2. Companies have an obligation to act in the best interest of the consumer.
3. Too many patents are granted to companies that are unwilling to share them.
4. The consumer can tell the difference between patented technology and inferior imitations.
5 .Consumers care more about price than about quality.
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VP
Joined: 07 Nov 2005
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buckkitty wrote: (2)
Patents cause consumers to lose. Companies should allow other companies to use the patent technology. What is the initial assumption? That companies should care.
Exact reason for picking B.
_________________
Trying hard to conquer Quant.
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Director
Affiliations: FRM Charter holder
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one more B guys.
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Manager
Joined: 20 Dec 2004
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B for me as well.
_________________
Regards
Subhen
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Senior Manager
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OA is B..
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Intern
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CORRECT ANSWER IS B
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