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If the ranking is based on Profit Before Tax in the descending order, subject to the condition that ‘other expense’ of all the industry sectors equals zero, then which of following statements is wrong?

  1. Rank of chemical industry does not change
  2. Rank of electricity industry declines
  3. Diversified industry rank changes from $3$rd to $4$th
  4. Rank of food industry changes from $5$th to $6$th 
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