Consider the following statements and choose the correct option.

Statement I:The 'iron law of oligarchy' thesis was developed by Robert Michels

Statement II:The iron law of oligarchy was formulated on the basis of a study of the German Social Democratic Party

ABoth Statement I and Statement II are correct

BBoth Statement I and Statement II are incorrect

CStatement I is correct but Statement II is incorrect

DStatement I is incorrect but Statement II is correct

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