Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions:
Figure: Comparing Long-Run Equilibriums
-(Figure: Comparing Long-Run Equilibriums) In the figure Comparing Long-Run Equilibriums, which of the following statements is FALSE?

A) The firm in panel (a) produces where price equals marginal cost and average total cost.
B) The firm in panel (b) produces where price equals marginal cost.
C) The firm in panel (b) produces where price equals average cost.
D) The firm in panel (a) produces where price equals average cost.