Identify the truthfulness of the following statements:
i. As the number of firms competing in Cournot competition increases, the market price approaches the monopoly price.
ii. Firm best-response functions are upward-sloping in Cournot competition.
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 tru