Graph 2-1 
-Refer to Graph 2-1.In the graph shown, points A, B and C represent feasible or attainable outcomes for society.
Definitions:
Exercise Price
The cost at which an options contract holder has the right to purchase (in the case of a call option) or sell (with a put option) the base asset.
Put Option
It's a financial arrangement granting someone the choice, but excluding the duty, to dispose of an allocated quantity of an essential asset at a certain value within an allotted interval.
Buyer
An individual or entity that purchases goods or services in a transaction.
Strike Price
The specified price at which an options contract can be exercised.
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