Odd One Out Question 2 - CAT 2020

Question

1. You can observe the truth of this in every e-business model ever constructed: monopolise and protect data.
2. Economists and technologists believe that a new kind of capitalism is being created – different from industrial capitalism as was merchant capitalism.
3. In 1962, Kenneth Arrow, the guru of mainstream economics, said that in a free  market economy the purpose of inventing things is to create intellectual property rights.
4. There is, alongside the world of monopolised information and surveillance, a different dynamic growing up: information as a social good, incapable of being owned or exploited or priced.
5. Yet information is abundant. Information goods are freely replicable. Once a thing is made, it can be copied and pasted infinitely.

Step-by-Step Explanation

Correct Answer: 2 Explanation: Statements (3), (1), (5), and (4) discuss information, data, and intellectual property rights. They explain how information is treated in the modern economy and why it should be seen as a social good rather than something that is only controlled or owned. Statement (2) is the odd one out because it shifts the discussion to merchant capitalism, which is a different topic and does not fit with the main flow of the passage. Therefore, Statement (2) is the correct answer.
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