Question 25. Refer to the table above that shows the marginal cost function for an individual firm operating in a constant-cost perfectly competitive industry and the current market demand function for the product. The fixed cost of production is FC = $13 and will remain at this level in the long run. The industry is populated with 1000 firms of identical size. What is the equilibrium market price of the product? A. $4 B. $5 C. $11 D. $20 E. None of the above