Identify the correct statements about knowledge based industries. Choose the correct answer from the options given below:

1.Pharmaceuticals, health, biotech and telecommunication are some of the examples of knowledge based industries.

2.Tier one industries are the knowledge producers.

3.Tier two industries are comprised of business innovators.

4.These industries do not face financial challenges due to huge amounts of fixed assets.

A1, 2 and 3

B2, 3 and 4

C1 and 4

D2 and 4

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