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Consider the following data regarding 100 identical firms in the perfect competitive industry. Price Total quantity Total demand Average cost supplied ($ per (industry) (Each firm) unit) (by 100 firms) ($) 35 1000 400 30 25 900 500 27 15 800 600 20 10 700 700 12 5 600 800 9 In equilibrium, each firm will O A. Earn profit $2 per unit O B. Incur loss $14 per unit O C. Earn profit $7000 O D. Earn profit $14 per unit