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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 We can conclude that the equilibrium A. Price is $35 because it is the highest price that a firm can charge in equilibrium O B. Price is $5 because the quantity demanded is highest at this price C. Price is $10 and the quantity is 700 O D. Price is $12 and the quantity is 800