argued

It can | could + be + said | argued | concluded | considered

The pronoun ‘it’ can be used where the subject is unclear at C1, and verbs such as ‘conclude’ are only used by C1 learners.  For example: It was concluded that it never existed. However, this post is about reporting with modal verbs. C1 point 208 in MODALITY is defined as: ‘can’ in passive reporting clauses in a more formal impersonal

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