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Which fallacy is involved in the following statement: ‘Indian pharmaceutical companies are profitable, therefore the average…

Paper 1 · Logical Reasoning UGC NET December 2023 (19.12.2023) Shift-II
Which fallacy is involved in the following statement: 'Indian pharmaceutical companies are profitable, therefore the average Indian pharmaceutical company is profitable'?
AFallacy of Division ✓ Correct
BHasty Generalization
CSlippery Slope
DFallacy of Accident
Correct answer: (A) Fallacy of Division — The reasoning commits the fallacy of division, so the answer is fallacy of division.
Explanation
The reasoning commits the fallacy of division, so the answer is fallacy of division.
Fallacy of division assumes what is true of a whole must be true of each part.
Here the profitability of the whole industry is wrongly transferred to each single company.
Its mirror image, the fallacy of composition, argues from parts to whole.
Hasty generalisation draws a broad conclusion from too few cases.
Slippery slope claims one step must lead to an extreme chain of results.

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