Regarding Losch’s Central Place Theory, identify whether the following statements are true or false:
Statement 1: Losch’s theory is an improvement on Christaller’s model, focusing on profit maximization rather than cost minimization.
Statement 2: Losch’s model strictly follows the same fixed K-values as Christaller’s.
1
Both statements are true
2
Both statements are false
3
Only Statement 1 is true
4
Only Statement 2 is true