Identify the WRONG statements with reference to Losch's central place theory.

A. It is suitable for distribution of central places with sparse distribution of settlements.

B. It is suitable for understanding the economic change in densely populated regions.

C. It assumes the coexistence of a large number of 'K' factor values and hierarchies.

D. It is more valid for tertiary services than secondary activities.

Choose the correct answer from the options given below: