Which of the following best completes the passage below?

When the products of several competing suppliers are perceived by consumers to be essentially the same, classical economics predicts that price competition will reduce prices to the same minimal levels and all suppliers' profits to the same minimal levels. Therefore, if classical economics is true, and given suppliers' desire to make as much profit as possible, it should be expected that _____.

In the last decade there has been a significant decrease in coffee consumption. During this same time, there has been increasing publicity about the adverse long-term effects on health of the caffeine in coffee. Therefore, the decrease in coffee consumption must have been caused by consumers' awareness of the harmful effects of caffeine.

Which of the following, if true, most seriously calls into question the explanation above?

Which of the following best completes the passage below?

The computer industry's estimate that it loses millions of dollars when users illegally copy programs without paying for them is greatly exaggerated. Most of the illegal copying is done by people with no serious interest in the programs. Thus, the loss to the industry is quite small, because_____.

Which of the following most logically completes the argument below?

NowNews, although still the most popular magazine covering cultural events in Kalopolis, has recently suffered a significant drop in advertising revenue because of falling circulation. Many readers have begun buying a competing magazine that, at 50 cents per copy, costs less than NowNews at $1.50 per copy. In order to boost circulation and thus increase advertising revenue, NowNews's publisher has proposed making it available at no charge, but this proposal has a serious drawback, since ___________.

Although there is no record of poet Edmund Spenser's parentage, we do know that as a youth Spenser attended the Merchant Tailors' School in London for a period between 1560 and 1570. Records from this time indicate that the Merchant Tailors' Guild then had only three members named Spenser: Robert Spenser, listed as a gentleman; Nicholas Spenser, elected the Guild's Warden in 1568; and John Spenser, listed as a "journeyman cloth-maker." Of these, the last was likely the least affluent of the three—and most likely Edmund's father, since school accounting records list Edmund as a scholar who attended the school at a reduced fee.

Which of the following is an assumption on which the argument depends?

If the county continues to collect residential trash at current levels, landfills will soon be overflowing and parkland will need to be used in order to create more space. Charging each household a fee for each pound of trash it puts out for collection will induce residents to reduce the amount of trash they create; this charge will therefore protect the remaining county parkland.

Which of the following is an assumption made in drawing the conclusion above?

A study of ticket sales at a summer theater festival found that people who bought tickets to individual plays had a no-show rate of less than 1 percent, while those who paid in advance for all ten plays being performed that summer had a no-show rate of nearly 30 percent. This may be at least in part because the greater the awareness customers retain about the cost of an item, the more likely they are to use it.

Which of the following would, if true, best serve as an alternative explanation of the results of the study?

Which of the following most logically completes the argument?

Sviatovin is a medieval Moringian text whose author and exact date of composition are unknown. However, the events in the life of Prince Sviatov that the text describes occurred in 1165, and in the diagram of Sviatov's family that accompanies the text his father, who died in 1167, is identified as still living. Thus Sviatovin must have been written between 1165 and 1167, assuming that ________.

Although the school would receive financial benefits if it had soft drink vending machines in the cafeteria, we should not allow them. Allowing soft drink machines there would not be in our students' interest. If our students start drinking more soft drinks, they will be less healthy.

The argument depends on which of the following?

Crowding on Mooreville's subway frequently leads to delays, because it is difficult for passengers to exit from the trains. Subway ridership is projected to increase by 20 percent over the next 10 years. The Mooreville Transit Authority plans to increase the number of daily train trips by only 5 percent over the same period. Officials predict that this increase is sufficient to ensure that the incidence of delays due to crowding does not increase.

Which of the following, if true, provides the strongest grounds for the officials' prediction?