The Binomial Model can be used for pricing American options by checking whether the option should be exercised early at any step of the tree. The American options will be exercised early:

A. if the option payoff at any step of the Binomial Model is less than the option price at that step.

B. if the option payoff at any step of the Binomial Model is equal to the option price at that step.

C. if the option payoff at any step of the Binomial Model is more than the option price at that step.

D. none of the above