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The consolidation of industry, which so agitated a large segment of th

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New post 30 May 2020, 23:40
Deadpool3 Answer choice A specifies that the price is high because of patent protection. This implies that the cost of production must be low enough to leave a healthy profit. Otherwise, competitors wouldn't be able to produce the drug any cheaper and patent protection would not be the cause of the high price.
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New post 11 Jun 2020, 12:33
I found question 3 little difficult to crack initially but i think i have got it.

3. In regard to the situation in the late 19th and early 20th century, the author would most likely agree with which of the following statements:

A) Large monopolies and the consolidation of business are not in the public interest.
- author does not seem to provide his opinion here.
B) Government regulation is usually beneficial to the public interest.
- the author agrees to this point(sentence #4) but this whole choice is too broad(regulation of everything? nope), could have been the best answer if this choice included the trust regulation part- "Government regulation of trusts is usually beneficial to the public interest"
C) Trusts could be beneficial to the public interest.
- though not interesting answer but this is the only option which is qualified with passage context(could be sets the tone).
D) Having a free and open society is essential to the public interest.
- again author has not provided his own opinion on this topic.
E) Trusts should be abolished to benefit the public interest.
- not author's opinion
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New post 11 Jul 2020, 23:51
For question No. 3

I think majority of people marked B in this question

Lets first understand why is C correct
Read this
"Some of them argued that large-scale business was nothing to be frightened about, and that it offered the public certain potential advantages – cheaper production; lower prices, etc.

So the statement C is correct

Now why is B wrong because Author seems to himself suggest that regulations are important but note that the option B makes a very generic statement

Author says - Regulations will be good for this particular case
B Says - Regulations will be good for most of the cases in general
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Re: The consolidation of industry, which so agitated a large segment of th   [#permalink] 11 Jul 2020, 23:51

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