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Get access to the detailed solutions to the previous years questions asked in IIM IPMAT exam
(d); Option 3 is the most logical place to fit in the given sentence. The given sentence says that for 'theoretical purposes', arguments may be considered as freestanding entities abstracted from their contexts.
The line after option 3 puts forth the alternative view: depending on explanatory goals, there is also much to be gained from considering arguments as they in fact occur in human communicative practices.