Assertion: Before the American War of Independence, th

Assertion: Before the American War of Independence, the East India Company had lost its monopoly in America.
Reason: The Dutch were able to penetrate the American Markets by 1770

[A] Both Assertion and Reason are correct
[B] Assertion is correct but reason is incorrect
[C] Assertion is incorrect but reason is correct
[D] Both Assertion and Reason are incorrect

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