NamaySharma
I am unable to understand the solution provided and neither is anyone else in the discussion. Kindly help us out regarding the same by giving your two cents on the issue. Thanks in advance.
My two cents are that (C) is the best answer.
After all, the fact that $500,000 attracted no applications does not mean that increasing the prize to $1,000,000 won't make a difference. That increase is substantial, and here's a similar example. The might be no applicants for a job if it were to pay $14,000 per year and 1000 applicants for the same job if it were to pay $28,000 per year. So, (B) doesn't really work.
On the other hand, if what (C) says is true, then the increase will make no difference at all. After all, the idea that increasing the prize to a $1,000,000 will "merely attract more, and more sophisticated, bogus applications than the grant already attracts," means that increasing the prize will attract ONLY bogus applications and NO successful applications. So, choice (C) basically directly says that increasing the prize will make no difference all.
So, in fact, (C) goes beyond weakening the argument to outright saying that the plan for sure will not work.
Therefore (C) is the best answer to this weak question.