Certain items—those with that hard-to-define quality called exclusivity—have the odd property, when they become available for sale, of selling rapidly even though they are extremely expensive. ██ █████ ██████ ██ ████ ████ ██ ████ ████ ██ ██████ ███ ███ █ █████ ██ █ ███████ ██████ █████ ██ █████ ████ ████████ ███ ████ ██████████████████████████ ██ ████████ ██ ██ ███ ████████ █████ ███████ ██████████ █████ ████ █ █████ ████ ████ █████ ██ ██ █████ ██ █████████ ██████████ ███ ███ ██████ ██ █████ ██ ████████ ███ ██████ ██████ ████ ████ ████ ███ █████ ██ ███ ███████ ██████ █████ ██ ██ ███ █████████ ██ ███████ ███ █████ ███ █████
Immediately upon reading the stem’s abstract language (“the argument recommends a certain pricing strategy”), you should lock in on matching abstract concepts to their counterparts in the stimulus as a core challenge in this question. Here’s a legend of sorts:
The Strategy: when pricing goods, err on the side of setting the price too high.
The Alternative: when pricing goods, try to sell fast by setting the price too low.
This argument’s abstract structure is as follows:
Premise: The Alternative has [a major downside ].
Premise: Hitting the nail exactly on the head isimpossible .
________
Conclusion: You should adopt The Strategy.
In Method Of Reasoning questions (which this is), there’s not much reason to expect to find a flaw in the argument – often the arguments are totally fine. If you do notice a flaw, though, there’s a high chance the correct answer will describe the argument in a way that highlights the flaw.
In this case, the argument exhibits flawed net effect reasoning: The Alternative has one downside, therefore The Strategy is a better option overall.
Analysis by MichaelWright
The argument recommends a certain ███████ ████████ ██ ███ ███████ ████
this strategy lacks █ █████████████████ ███████ ██ ███ ████████ ███████████
this strategy has ███ ██ ███ ██████████ ██ ███ ████████ ████████████ ███ █████ ██ ███ █████████████
experience has proven ████ ████████ ██ ██ █████████ ████ ██████ ███ ███████ ███ ████ ███████████ █████ ████████
this strategy does ███ ████ ██ ███████████ █████████ █████████ ██ █████
the error associated ████ ████ █████████ ██████ ███ █████ ██████████ ████ ███ ████████ ████████████ ██ ██████ ██ ██ █████████