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Use the following to answer question:
-(Figure: Price Controls) Use Figure: Price Controls.The consumer surplus lost to a price floor at point b is equal to the area:
Call Option
A financial contract that gives the buyer the right, but not the obligation, to buy a stock, bond, commodity, or other asset at a specified price within a specific time period.
Dividend
A distribution of earnings given by a company to its stockholders, typically out of its profits.
Black-Scholes OPM
A model used to calculate the theoretical price of European put and call options, based on factors including the stock's current price, its volatility, the option's strike price, and the risk-free interest rate.
National Paper
Debt instruments issued by a government to finance its national activities and projects.
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