[Solved] An option that gives the holder the right to sell a stock at a specified price at some future time is A) a put option. B) an out-of-the-money option. C) a naked option. D) a covered option. E) a call option. Economic Profit: The difference between total revenue and total costs, including both explicit and implicit costs, indicating the financial success exceeding the opportunity cost of resources. Accounting Profit: The net income for a company calculated by subtracting total expenses from total revenues according to accounting principles, not including implicit costs. Short-run Supply Curve: A graphical representation showing the relationship between the price of a good and the quantity supplied over a short period, considering some inputs remain fixed. Industry-wide Price: The average or standard price level for goods and services across a specific industry or market.