Identify the Truthfulness of the Following Statements

Multiple Choice

Identify the truthfulness of the following statements.
I. The profit in a perfectly competitive market is the one that maximizes the economic benefits (the sum of consumer and producer surplus) .
II. In a way, statement I represents the "invisible hand" of the marketplace that Adam Smith was discussing in his 1776 classic treatise sometimes referred to as "The Wealth of Nations."

A) Both I and II are true.
B) Both I and II are false.
C) I is true; II is false.
D) I is false; II is true.