Concept:
For a binomial distribution,
\[
P(X=r)=\binom{n}{r}p^r(1-p)^{n-r}
\]
Given:
\[
X \sim \text{Bin}(11,p), \quad P(X=8)=P(X=7)
\]
Step 1: Write both probabilities.
\[
P(X=8)=\binom{11}{8}p^8(1-p)^3
\]
\[
P(X=7)=\binom{11}{7}p^7(1-p)^4
\]
Step 2: Equate and simplify.
\[
\binom{11}{8}p^8(1-p)^3=\binom{11}{7}p^7(1-p)^4
\]
Cancel common terms:
\[
\binom{11}{8}p = \binom{11}{7}(1-p)
\]
We know:
\[
\binom{11}{8}=\binom{11}{3}=165,\quad \binom{11}{7}=\binom{11}{4}=330
\]
So:
\[
165p = 330(1-p)
\]
Step 3: Solve for \(p\).
\[
165p = 330 - 330p
\]
\[
495p = 330
\]
\[
p = \frac{330}{495} = \frac{2}{3}
\]
Step 4: Choose correct option.
\[
\boxed{p=\frac{2}{3}}
\Rightarrow Option (A)
\]