Difficulty: Medium
Correct Answer: Neither I nor II is implicit
Explanation:
Introduction / Context:
The notification mandates price disclosure by a set date to enhance transparency for consumers. We must evaluate whether the two proposed assumptions are necessary to justify such regulation.
Given Data / Assumptions:
Concept / Approach:
Mandatory disclosure relies on the belief that transparency helps consumers compare and choose. It does not require the authority to assume operators cannot comply (I) or to adopt general statements about business motives (II). Those claims are orthogonal to the transparency rationale.
Step-by-Step Solution:
1) Even if there is adequate time, the rule still stands; I is not necessary.2) Whether firms want to “test markets” does not negate the consumer benefit of disclosure, nor is it a prerequisite for the rule; II is not necessary.3) Therefore, neither I nor II is implicit.
Verification / Alternative check:
Disclosure regimes (MRP printing, tariff publication) operate on transparency benefits alone, independent of firms’ internal motives or time complaints.
Why Other Options Are Wrong:
They attach unnecessary suppositions about feasibility or business preference not needed to justify a transparency mandate.
Common Pitfalls:
Confusing potential compliance challenges with assumptions required for a policy’s consumer-welfare logic.
Final Answer:
Neither I nor II is implicit.
Discussion & Comments