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Doctors Medicines MCQs Q&A

  1. Only Argument I is strong.
  2. Only Argument II is strong.

  3. Both the Arguments I and II are strong.

  4. Neither Argument I nor II is strong.

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1 Answers

Option 1 : Only Argument I is strong.

In a competitive market, the customers prefer the firms which sell their commodities or services at the least prices. If a firm fails to reduce its prices when the other firms have done it, the firm loses customers and incur losses. If the other firms do not reduce their prices, they would anyway face losses so they should reduce their prices to keep their customers. Therefore, option 1 is the right answer.
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