Step 1: Write the balanced reaction in basic medium.
The balanced reaction is
\[
2\mathrm{MnO_4^-}
+
\mathrm{Br^-}
+
\mathrm{H_2O}
\rightarrow
2\mathrm{MnO_2}
+
\mathrm{BrO_3^-}
+
2\mathrm{OH^-}.
\]
Thus,
\[
2\text{ mol of }\mathrm{MnO_4^-}
\]
react with
\[
1\text{ mol of }\mathrm{Br^-}.
\]
Step 2: Calculate the initial moles.
Moles of
\[
\mathrm{KMnO_4}
=
0.5\times0.2
=
0.1.
\]
Moles of
\[
\mathrm{KBr}
=
0.5\times0.2
=
0.1.
\]
According to the stoichiometry,
\[
0.1\text{ mol of }\mathrm{MnO_4^-}
\]
consume
\[
0.05\text{ mol of }\mathrm{Br^-}.
\]
Therefore,
\[
\text{Unreacted KBr}
=
0.1-0.05
=
0.05\text{ mol}.
\]
Also,
\[
\text{KBrO}_3\text{ formed}
=
0.05\text{ mol}.
\]
Step 3: Find the concentrations.
The total volume after mixing is
\[
500+500
=
1000\text{ mL}
=
1\text{ L}.
\]
Hence,
\[
[\mathrm{KBr}]
=
\frac{0.05}{1}
=
0.05\text{ M},
\]
and
\[
[\mathrm{KBrO_3}]
=
\frac{0.05}{1}
=
0.05\text{ M}.
\]
Therefore,
\[
\boxed{0.05\text{ M},\ 0.05\text{ M}}.
\]
Thus,
\[
\boxed{(C)}
\]
is the correct answer.