Ask Questions, Discuss Approaches & No Clutter
flamingo
0

Economist: In the interaction between producers and consumers

Open 0 Answers 67 Views
GMAT Timer00:00

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
D. 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 interests of producers

Please log in or register to answer. And you receive a free copy of GMAT Math Formula Sheet with your sign up mail.

Student Speaks

Jyotsna Mehta

Indian School of Business, Co'18

I am very thankful to Gmatxchange and would definitely recommend Gmatxchange mentors to all those students applying for MBA admissions

Your Tentative GMAT Score
Estimate your GMAT score.
700
The scorer helps you to determine your current level within a few questions you solve.Read More
Please log in or register to use the Scoring Feature
Confused about your profile & colleges, Get FREE profile evaluation today from over 10 consultants.
Follow us and get quick prep updates on Facebook
...