Step 1: Understanding the Concept
Veins carry blood at low pressure, so they have a wide lumen and a thin tunica media of smooth muscle.
Step 2: Assertion
The hepatic portal vein is a vein, so it has a wide lumen and a comparatively thin tunica media. The assertion is true.
Step 3: Reason
Exchange between blood and liver cells does not take place through the wall of the portal vein.
The vein branches inside the liver and exchange occurs in the hepatic sinusoids, which have leaky endothelium. The reason is false.
Final Answer:
The assertion is true but the reason is false.
\[ \boxed{\text{(C) }\text{(A) is true; however, statement (R) is false.}} \]