Use the Following Information to Answer the Next Ten Questions

question 70

Multiple Choice

Use the following information to answer the next ten questions:
Excerpts from Stealth Company's December 31,2015 and 2014,financial statements are presented below:

-Stealth Company's 2015 return on assets is:

• A)7.1%.
• B)7.8%.
• C)13.5%.
• D)44.7%.

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Definitions:

Duopoly

A market structure characterized by two producers/sellers dominating the market, influencing prices and decisions significantly.

Monopoly Output

The quantity of goods or services produced by a monopoly, which is determined by the intersection of the demand curve with the monopoly's marginal cost curve.

Cartels

Associations of independent businesses or organizations that agree to impose limiting regulations, such as fixing prices or output levels, to maximize collective profits.

Nash Equilibrium

A concept in game theory where no player can gain by unilaterally changing their strategy if the strategies of the other players remain unchanged.