Question

The four sentences (labelled 1, 2, 3, 4) below, when properly sequenced would yield a coherent paragraph. Decide on the proper sequencing of the order of the sentences and key in the sequence of the four numbers as your answer:
1. It advocated a conservative approach to antitrust enforcement that espouses faith in efficient markets and voiced suspicion regarding the merits of judicial intervention to correct anticompetitive practices.
2. Many industries have consistently gained market share, the lion’s share – without any official concern; the most successful technology companies have grown into veritable titans, on the premise that they advance ‘public interest’.
3. That the new anticompetitive risks posed by tech giants like Google, Facebook, and Amazon, necessitate new legal solutions could be attributed to the dearth of enforcement actions against monopolies and the few cases challenging mergers in the USA.
4. The criterion of ‘consumer welfare standard’ and the principle that antitrust law should serve consumer interests and that it should protect competition rather than individual competitors was an antitrust law introduced by, and named after, the 'Chicago school'.

• A. 1243
• B. 4123
• C. 4321
• D. 3421

Answer 1

The Correct Option is B

The task involves arranging four sentences to form a coherent and logically flowing paragraph. The correct sequence is 4, 1, 2, 3. Here is the breakdown:

4. The criteria of 'consumer welfare standard' and the principle that antitrust law should serve consumer interests and that it should protect competition rather than individual competitors was an antitrust law introduced by, and named after, the 'Chicago school'.

1. It advocated a conservative approach to antitrust enforcement that espouses faith in efficient markets and voiced suspicion regarding the merits of judicial intervention to correct anticompetitive practices.

2. Many industries have consistently gained market share, the lion’s share – without any official concern; the most successful technology companies have grown into veritable titans, on the premise that they advance ‘public interest’.

3. That the new anticompetitive risks posed by tech giants like Google, Facebook, and Amazon, necessitate new legal solutions could be attributed to the dearth of enforcement actions against monopolies and the few cases challenging mergers in the USA.

Answer 2

Reasoning:

Sentence 4 serves as the best opening sentence. It introduces the background of antitrust law and references the "Chicago school," laying the foundation for the discussion that follows.

Sentence 1 logically follows sentence 4. It begins with the pronoun "it," which clearly refers back to the "Chicago school" mentioned in sentence 4, establishing a direct continuation.

Sentence 2 shifts the focus to the tech industry, noting the steady growth of dominant firms. This represents a natural progression in the argument by showing the consequences of the earlier antitrust philosophy.

Sentence 3 provides a cause—lack of enforcement measures—for the scenario described in sentence 2. This sentence thus completes the logical chain.

Conclusion:

The most coherent and logical sequence of sentences is: 4 → 1 → 2 → 3