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Use the following to answer question: Use the following to answer question:   -Table: Spring Water.The table shows the demand and cost data for a firm in a monopolistically competitive industry producing drinking water from underground springs.If the industry were in perfect competition,the profit-maximizing price in the long run would be: A) $10.00. B) $6.50. C) $8.38 D) $8.29
-Table: Spring Water.The table shows the demand and cost data for a firm in a monopolistically competitive industry producing drinking water from underground springs.If the industry were in perfect competition,the profit-maximizing price in the long run would be:


A) $10.00.
B) $6.50.
C) $8.38
D) $8.29

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