Given below are two statements: one is labelled as Assertion (A) and the other is labelled as Reason (R). Assertion (A): I$^-$ undergoes SN$_2$ reaction faster than Cl$^-$. Reason (R): Iodine is a better leaving group because of its large size.
In the light of the above statements, choose the correct answer from the options given below:
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In SN\(_2\) reactions, the leaving group ability increases with the size of the atom, as larger atoms can stabilize the negative charge better after departure. This is why I\(^-\) is a better leaving group than Cl\(^-\).