To analyze the provided statements, we will examine the assertion and its supporting reason:
Explanation:
The observed characteristic of magnetic field lines forming closed loops directly supports the assertion that isolated monopoles are non-existent. Consequently, the non-existence of magnetic monopoles is a direct implication of the continuous, loop-forming nature of magnetic field lines, which do not terminate on a single pole.
Conclusion: The assertion that magnetic monopoles do not exist is valid. The reason provided, that magnetic field lines form closed loops, accurately substantiates this assertion. Therefore, both statements are correct, and the reason correctly explains the assertion.
The correct option is: Both (A) and (R) are correct and (R) is the correct explanation of (A).