Given below true two statements :
Statement I : Monopolistic-competition involves many sellers of homogeneous
products.
Statement II : The oligopoly involves some producers of standardized or differentiated products.
In the light of the above statements, choose the correct answer from the options given below:

A

Both Statement I and Statement II are true.

B

Both Statement I and Statement II are false.

C

Statement I is true but Statement II is false.

D

Statement I is false but Statement II is true.