Economist

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umaa: Legendary Member; Posts: 727; Joined: Sun Jun 08, 2008 9:32 pmFollowed by: 1 member; Thanked: 8 times

by umaa » Tue Sep 15, 2009 11:37 am

Economist: In the interaction between producers and consumers, the only obligation that all parties have to act in the best interests of their own side. And distribution of information about product defects is in the best interests of the consumer, So consumers are always obligated to report product defects they discover, while producers are never obligated to reveal them.

Which one of the following is an assumption required by the economist's argument?

A. It is never in the best interests of producers for a producer to reveal a product defect.

B. No one expects producers to act in a manner counter to their own best interests.

C. Any product defect is likely to be discovered by consumer

E. A product defect is more likely to be discovered by a consumer than by a producer

E. The best interests of consumers never coincide with the best inretests of producers

OA is A. But D is also make sense.

Post your answers with EXPLANATIONS.

What we think, we become

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Source: Beat The GMAT — Critical Reasoning | Tue Sep 15, 2009 11:37 am

kalyankumar.new: Junior | Next Rank: 30 Posts; Posts: 25; Joined: Sun May 24, 2009 9:15 pm; Thanked: 1 times

by kalyankumar.new » Tue Sep 15, 2009 5:13 pm

I feel the Answer is D..
Whats the correct answer..

All other choices uses extreme words like never,any,no one..

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mehravikas: Legendary Member; Posts: 1161; Joined: Mon May 12, 2008 2:52 amFollowed by: 1 member; Location: Sydney; Thanked: 23 times

by mehravikas » Tue Sep 15, 2009 8:20 pm

IMO answer should be 'A'. It is mentioned in the argument that producers are never obligated to reveal the defects, so 'A' can be assumed.

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viju9162: Master | Next Rank: 500 Posts; Posts: 434; Joined: Mon Jun 11, 2007 9:48 pm; Location: Bangalore; Thanked: 6 times; GMAT Score:600

by viju9162 » Wed Sep 16, 2009 2:31 am

why E is not the answer ?

"Native of" is used for a individual while "Native to" is used for a large group

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umaa: Legendary Member; Posts: 727; Joined: Sun Jun 08, 2008 9:32 pmFollowed by: 1 member; Thanked: 8 times

by umaa » Wed Sep 16, 2009 4:59 am

What is the problem with D? D also satisfies the condition. Why did you choose A over D?

What we think, we become

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fruti_yum: Master | Next Rank: 500 Posts; Posts: 128; Joined: Thu Jul 30, 2009 1:46 pm; Thanked: 1 times

by fruti_yum » Wed Sep 16, 2009 8:08 am

kalyankumar.new wrote:I feel the Answer is D..
Whats the correct answer..

All other choices uses extreme words like never,any,no one..

E completely makes sense... when we negate this argument.. the best int of consumers sometimes coincide with the best interest of producers.. the conclusion ... that all parteis have to act in the best interest of their own sides falls apart...

if anyone objects.. pls provide explaination as to why you do! otherwise.. e is a definite answer..

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umaa: Legendary Member; Posts: 727; Joined: Sun Jun 08, 2008 9:32 pmFollowed by: 1 member; Thanked: 8 times

by umaa » Wed Sep 16, 2009 8:42 am

OA is A. Not E. And, this is an LSAT offical question. So, the answer should be correct.

Can anyone come up with some good explanation.

What we think, we become

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eccentric: Senior | Next Rank: 100 Posts; Posts: 88; Joined: Tue Jul 15, 2008 1:43 amFollowed by: 1 member; Thanked: 3 times; GMAT Score:590

by eccentric » Wed Sep 16, 2009 10:06 am

This is an assumption based question.
The first statement indicate "all parties have to act in the best interest of their own side" The argument further talks about best interest of consumer to reveal the defect....

A completes the missing information of producer's best interest

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mehravikas: Legendary Member; Posts: 1161; Joined: Mon May 12, 2008 2:52 amFollowed by: 1 member; Location: Sydney; Thanked: 23 times

by mehravikas » Wed Sep 16, 2009 12:03 pm

I opted for 'A' because of the strong wording in the argument...

So consumers are always obligated to report product defects they discover, while producers are never obligated to reveal them.

You are correct 'D' is not wrong....

umaa wrote:What is the problem with D? D also satisfies the condition. Why did you choose A over D?

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joshi.v123: Junior | Next Rank: 30 Posts; Posts: 19; Joined: Wed Aug 12, 2009 9:34 pm; Location: india; Thanked: 3 times

by joshi.v123 » Wed Sep 16, 2009 12:40 pm

Only A is correct, because the following reason

Argument:In the interaction between producers and consumers, the only obligation that all parties have to act in the best interests of their own side.

Conclusion : So consumers are always obligated to report product defects they discover, while producers are never obligated to reveal them.

Assumption : It is never in the best interests of producers for a producer to reveal a product defect.

so only A makes scenes.

D: A product defect is more likely to be discovered by a consumer than by a producer
producer can discover the defect but would not reveal that because its not in best interest for him

E. The best interests of consumers never coincide with the best inretests of producers.
its not the assumption for getting the conclusion.

Thanks,
VJ

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sunnychopra: Junior | Next Rank: 30 Posts; Posts: 13; Joined: Tue Sep 09, 2008 1:11 am; Location: London

by sunnychopra » Wed Sep 16, 2009 2:59 pm

D can't be the answer as there is no where mentioned that consumers finds the defects first. Its only mentioned that they(Consumers) reveal the defects when they(Consumers) discovers. It might be the case that producers have already discovered it and they are not revealing it,which is also mentioned in the para.

Regards,
Sunny

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nervesofsteel: Legendary Member; Posts: 594; Joined: Thu Aug 14, 2008 11:51 pm; Thanked: 12 times

by nervesofsteel » Wed Sep 16, 2009 11:40 pm

why not E..??

can someone explain..

if their best interests coincide.. then producers are also under obligation... if they are never under obligation.. then they don't have best interest coincide with consumer's

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vijay_venky: Master | Next Rank: 500 Posts; Posts: 173; Joined: Tue Jul 07, 2009 11:18 pm; Location: Hyderabad; Thanked: 12 times

by vijay_venky » Thu Sep 17, 2009 11:56 pm

It is too generic to make a statement that "The best interests of consumers never coincide with the best inretests of producers " because there might be some cases in which they might coincide.

This (defects) is a particular case in which they differ.I think we cannot make a generic sense out of a particular case.

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kris77: Master | Next Rank: 500 Posts; Posts: 300; Joined: Sat Aug 22, 2015 10:33 am

by kris77 » Sun May 15, 2016 4:19 pm

It seems to me that the right answer is E

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