Determine Whether the Following Passage Is (Or Contains) an Argument

question 20

Essay

Determine whether the following passage is (or contains) an argument.
Will a beverage begin to cool more quickly in the freezer or in the regular part of the refrigerator? Well, of course it'll cool faster in the freezer! There are lots of people who don't understand anything at all about physics and who think things may begin to cool faster in the fridge. But they're sadly mistaken.

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Definitions:

Economies of Scale

The price benefits that firms receive by virtue of their size of operations, with each unit's production cost declining as the scale of operations expands.

Economic Inefficiency

Situations where resources are not optimally allocated, resulting in lost potential output or welfare.

Price Wars

A competitive exchange among rival companies where each company lowers the price of its products in an attempt to undercut the competition, potentially harming profit margins.

Mutual Interdependence

in economics refers to situations in which the actions of one firm or country can significantly impact the outcomes of other firms or countries, often seen in oligopolistic markets.