Using a clear explanation with words and numbers, please provide a response to this question:

The inverse market demand in and industry is p = 15 -2q. Firms in the industry use a technology with a fixed marginal cost. A firm producing y units incurs a total cost of c(y) = 3y. Suppose first that the industry is competitive. In that case:

The market price would be _______

The quantity sold would be ______

The consumer surplus would be _______