Question 1
Consider this argument:
"Our competitor lowered prices and gained market share. We should lower ours too."
What unstated assumption must be true for this reasoning to be valid?
The argument makes a hidden assumption: Lowering prices will increase our market share (and our situation is identical to theirs)
This assumption is not explicitly stated but is necessary for the conclusion to follow from the premises. If this assumption is false, the argument becomes weak or invalid.
This assumption is not explicitly stated but is necessary for the conclusion to follow from the premises. If this assumption is false, the argument becomes weak or invalid.