(Figure: Total Cost and Quantity of Output III) Which of the Following

Multiple Choice

(Figure: Total Cost and Quantity of Output III) Which of the following statements is (are) TRUE? I. At point A, ATC > MC.
II) At point B, ATC = MC.
III) At point C, ATC < MC.

A) I and II
B) I, II, and III
C) III
D) I