Arnold Is Married to Sybil,who Abandoned Him in 2012

question 8

Multiple Choice

Arnold is married to Sybil,who abandoned him in 2012.He has not seen or communicated with her since April of that year.He maintains a household in which their son,Evans,lives.Evans is age 25 and earns over $6,000 each year.For tax year 2013,Arnold's filing status is:

• A)Married,filing jointly.
• B)Head of household.
• C)Married,filing separately.
• D)Surviving spouse.
• E)Single.

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Definitions:

Quality and Design

Aspects of products or services that dictate their overall appeal, functionality, and satisfaction to the consumer.

Collusively

Collusively involves cooperating in a secretive or illegal manner, often used to describe businesses that agree to fix prices or divide markets amongst themselves.

Degrees of Competition

The spectrum of market structures that varies from one extreme of perfect competition to the other of monopoly, including monopolistic competition and oligopoly in between.

Oligopoly

A market structure dominated by a small number of large companies, leading to limited competition.