Read the following statements - Assertion (A) and Reasoning (R): Assertion: Indian vegetable market is a monopolistically competitive market. Reasoning: The products are homogeneous with sellers having no control over price in Indian vegetable market.

Both Assertion (A) and Reasoning (R) are true and Reasoning (R) is the correct explanation of Assertion (A). Both Assertion (A) and Reasoning (R) are true and Reasoning (R) is not the correct explanation of Assertion (A). Assertion (A) is true but Reasoning (R) is false. Assertion (A) is false but Reasoning (R) is true.

Assertion (A) is false but Reasoning (R) is true.

Indian vegetable market is a perfectly competitive market because of large number of sellers selling homogeneous products and having no control over the price.