I believe the answer to both your questions is the same: it's almost entirely true; it's almost always wasteful to have indexes on both (A, B, C) and (A).
As Danblack mentioned, the size could make a minor difference, although that's probably negligible.
More importantly, in my experience, note that (A) is actually (A, Primary), where Primary is those primary key columns that are not already explicitly included in the index. In practice, that often means (A, Id). The other index, then, is actually (A, B, C, Id). Note how this affects the order in which rows are encountered in the index.
Imagine doing this:
SELECT *
FROM MyTable
WHERE A = 'Whatever'
ORDER BY Id
Index (A), AKA (A, Id), is perfect for this. For any fixed value of A, corresponding rows are then ordered by Id. No sorting is needed - the results are in our desired order.
However, for index (A, B, C), AKA (A, B, C, Id), it's different. For any fixed value of A, corresponding rows are then ordered by B! This means that the above query will require sorting of the results.
EXPLAIN should confirm what I have described. A filesort will take place if only the (A, B, C) index is available, but not if (A) is available.
It should be easy to see that this matters very little if there are generally very few rows for a particular value of A. However, if there could be 100,000 rows for such a value, then the filesort starts to be impactful. In such a case, you might choose to have index (A) to optimize for this scenario.
Generally speaking, such prefix indexes are superfluous. It's good to analyze your indexes and queries to identify these scenario's, though. In a rare case, one may be worth adding. In the more common case, at least you'll be able to weigh such effects into your overall index choices.