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Explanation:

Consider option 1:

Profitability of Far East operations in 1998 = 1063 = 0.158

Profitability of Far East operations in 1999 = 58204 = 0.284

Profitability of Far East operations in 2000 = 189311 = 0.607

The profitability is highest for the year 2000.

∴ Option 1 is false.

Consider option 2:

Profitability of Northern Sea operations in 1998 = 2452 = 0.462

Profitability of Northern Sea operations in 1998 = 5465 = 0.831

Profitability is increased from 1998 to 1999.

∴ Option 2 is true.

Consider option 3

Profitability of Argentina operations in 1998 = 61187 = 0.326

Profitability of Northern Sea operations in 1998 = 5001168 = 0.428

Profitability has increased from 1998 to 1999.

∴ Option 3 is false.

Hence, option (b).

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