Which of the Following Properties Hold True for the Equilibrium

Multiple Choice

Which of the following properties hold true for the equilibrium price-quantity combination?

A) Buyers who are willing to pay higher than the equilibrium price do not find sellers.
B) At the equilibrium price producer surplus equals consumer surplus.
C) The equilibrium output is produced at the lowest avoidable cost.
D) The equilibrium output is produced at the lowest opportunity cost.