The Following Table Gives the Cost and Demand Data for a Particular

Multiple Choice

The following table gives the cost and demand data for a particular market.

-Refer to the above information to answer this question.Suppose that the data describes a perfectly competitive industry.What will be the equilibrium price and output?

A) $11.5 and 4.
B) $10 and 5.
C) $8.5 and 6.
D) $7 and 7.
E) $5.5 and 8.