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The film industry is no different from any other, and in the long run

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Tuck School Moderator
Joined: 31 Aug 2016
Posts: 288
GMAT 1: 700 Q49 V37
The film industry is no different from any other, and in the long run  [#permalink]

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10 Sep 2018, 08:31
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Difficulty:

45% (medium)

Question Stats:

66% (01:30) correct 34% (01:38) wrong based on 102 sessions

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The film industry is no different from any other, and in the long run, products with low demand are abandoned for products for which the demand, and therefore the potential to maximize profits, is high. Accordingly, big-budget films will lead to the eventual demise of art-house cinema. While art-house films consistently receive critical appreciation by the media, audiences are invariably more drawn to blockbusters that are produced by multimillion dollar corporations that can afford to captivate viewers using special effects and the latest technologies.

Which of the following would it be most useful to know in order to assess the argument above?

A. Whether the most popular actors in the industry will prefer to act mostly in art house films

B. Whether the demand for art-house films will be considerably lower than that for blockbusters

C. Whether some films produced by large corporations will not use special effects

D. Whether the audiences in general will be aware of the budgets of the films produced by multimillion dollar corporations

E. Whether big-budget films will also receive critical appreciation by the media

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Joined: 11 Feb 2018
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Concentration: General Management, Finance
GMAT 1: 690 Q47 V37
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Re: The film industry is no different from any other, and in the long run  [#permalink]

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19 Sep 2018, 00:12
Its a good question.Was the word "considerable" really required in the correct answer.It put me off of the right answer for a moment.
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GMAT 1: 700 Q47 V38
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Re: The film industry is no different from any other, and in the long run  [#permalink]

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19 Sep 2018, 00:29
PeepalTree wrote:
The film industry is no different from any other, and in the long run, products with low demand are abandoned for products for which the demand, and therefore the potential to maximize profits, is high. Accordingly, big-budget films will lead to the eventual demise of art-house cinema. While art-house films consistently receive critical appreciation by the media, audiences are invariably more drawn to blockbusters that are produced by multimillion dollar corporations that can afford to captivate viewers using special effects and the latest technologies.

Which of the following would it be most useful to know in order to assess the argument above?

A. Whether the most popular actors in the industry will prefer to act mostly in art house films

B. Whether the demand for art-house films will be considerably lower than that for blockbusters

C. Whether some films produced by large corporations will not use special effects

D. Whether the audiences in general will be aware of the budgets of the films produced by multimillion dollar corporations

E. Whether big-budget films will also receive critical appreciation by the media

I would go with option B because only if the demand for art-house films is lower than that for blockbusters, we can come to a conclusion that big-budget films will lead to the eventual demise of art-house cinema.
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Re: The film industry is no different from any other, and in the long run  [#permalink]

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19 Sep 2018, 00:36
the whole argument relies on this statement "audiences are invariably more drawn to blockbusters"
and only choice B help assess this argument
Demand Is high for art-house films --NO audiences are not invariably more drawn to blockbusters
Demand is Low for art-house films---Yes audiences are invariably more drawn to blockbusters
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Re: The film industry is no different from any other, and in the long run  [#permalink]

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19 Sep 2018, 00:50
Question type: Evaluate

Conclusion : Accordingly, big-budget films(BBF) will lead to the eventual demise of art-house cinema.(AHC)
Premise 1: The film industry is no different from any other, and in the long run, products with low demand are abandoned for products for which the demand, and therefore the potential to maximize profits, is high
Premise 2: While art-house films consistently receive critical appreciation by the media, audiences are invariably more drawn to blockbusters that are produced by multimillion dollar corporations that can afford to captivate viewers using special effects and the latest technologies.

Prethinking on these questions is a must. Now to logically conclude that BBF will lead to the eventual demise of AHC we have to find the logical gaps in the argument.

Gap: the Critical appreciation by media does not tend people to pursue AHC and hence increase their demand in the industry, leading AHC to sustain in the film market.

Now lets check the options:

A. Whether the most popular actors in the industry will prefer to act mostly in art house films
Even if the actors prefer to act in AHC what is the surety that demand will rise.Wrong choice

B. Whether the demand for art-house films will be considerably lower than that for blockbusters
Yes this was the option we are looking for. If demand is lower it will eventually lead to the demise of AHC and if demand is not lower AHC will sustain.

C. Whether some films produced by large corporations will not use special effects
Clearlywrong ans choice

D. Whether the audiences in general will be aware of the budgets of the films produced by multimillion dollar corporations
Out of scope

E. Whether big-budget films will also receive critical appreciation by the media
Ques here concerns AHC not BBF. Wrong choice
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Re: The film industry is no different from any other, and in the long run   [#permalink] 19 Sep 2018, 00:50
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