-Refer to Figure 9-9

question 4

Multiple Choice

-Refer to Figure 9-9. What is the difference between the monopoly's price and perfectly competitive industry's price?

• A) The monopoly's price is higher by $9.50.
• B) The monopoly's price is higher by $13.
• C) The monopoly's price is higher by $3.50.
• D) The monopoly's price is higher by $21.

---

Definitions:

Accurately Positioning

The precise placement or alignment of components in relation to each other or to a reference point, crucial for the correct functioning of mechanical systems.

Fixture

A device used to securely hold an object in place during manufacturing or testing processes.

Set-Up Point

In manufacturing, a specific point or position on a machine or work piece that serves as a reference for the start of a process or operation.

Point Of Origin

The fixed point from which coordinates are measured in a coordinate system, often represented as (0,0) in two dimensions.