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The relationship between the option price and the exercise price is called
Tradeoffs
The concept of sacrificing one benefit or good in order to gain another, reflecting the necessity of making decisions between competing priorities.
Indifference Curves
Graphical representations in economics, showing different combinations of two goods among which a consumer is indifferent, revealing preferences and trade-offs.
Perfect Substitutes
Products or services that can be used in exactly the same way, to the extent that one can replace the other in consumption without affecting utility.
Right Angles
Angles that measure exactly 90 degrees.
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