Which of the Following Premises Provides the Strongest Support for the Conclusion

question 104

Multiple Choice

Which of the following premises provides the strongest support for the conclusion that Harry is a lousy driver?

• A)Harry got a parking ticket.
• B)Harry once dinged his door in a parking lot.
• C)Harry failed driver's ed three times.
• D)Harry was involved in a major accident.
• E)Harry has poor vision and can't tell the brake pedal from the accelerator.

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Definitions:

Concentrated Industry

An economic sector characterized by a small number of firms holding a large market share, leading to reduced competition.

Fuel-efficient Cars

Vehicles designed to use less fuel for the same distance traveled compared to standard vehicles, typically through advanced technology or design.

Concentration Ratio

A measure that assesses the level of market concentration, indicating the combined market share of the top firms (usually the top 4 or 8) in the industry.

Kinked Demand Curve

The demand curve for the cutthroat oligopolist, which is based on the assumption that competitors will match a price cut, but will not match a price increase.