In a Bank Run, the Equilibrium Deposit Contract in the Diamond-Dybvig

In a bank run, the equilibrium deposit contract in the Diamond-Dybvig model

A) makes both early consumers and late consumers worse off.
B) makes early consumers no better off and makes late consumers worse off.
C) makes early consumers worse off and makes late consumers better off.
D) makes both early and late consumers better off.
E) provides an illiquidity transformation service to consumers.