For Each of the Following Sentences, Select the Correct Past

question 21

Multiple Choice

For each of the following sentences, select the correct past participle adjective for each blank. My __________ sister plays the piano and the saxophone.

• A) talented
• B) talent
• C) talentied

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Definitions:

Perfect Competitor

A theoretical market situation where numerous small firms compete against each other with no single company controlling the market price.

Economic Profits

Profits calculated by subtracting both explicit and implicit costs from total revenues, indicating the total financial gain.

Accounting Profits

The net income for a company after all expenses, taxes, and costs have been subtracted from total revenue.

Economic Profits

The excess of total revenue over total cost, including both explicit and implicit costs, indicating the efficiency of resource utilization beyond breakeven.