Which logical fallacy is present in the argument: "What is good for each individual type of business cannot be bad for the economy as a whole"?

Correct option is B

The statement "What is good for each individual type of business cannot be bad for the economy as a whole" is an example of the Composition Fallacy. This fallacy occurs when it is assumed that what is true for individual members of a group must also be true for the group as a whole. In this case, the argument erroneously assumes that if each individual business benefits from a certain policy or condition, then the entire economy must also benefit. This overlooks the complex interactions within an economy, where something that benefits individual businesses might have neutral or even negative impacts on the economy at large due to factors like resource depletion, environmental degradation, or economic inequality.