2 is CORRECT. Repeated application of the absorption theorem x + xy = x on pairs of terms in the expression gives the desired result. For example:
AB + ABC + ABCD + ABCDE + ABCDEF
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AB + ABC = AB (x = AB, y = C)
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AB + ABCD = AB (x = AB, y = CD)
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AB + ABCDE = AB (x = AB, y = CDE)
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AB + ABCDEF = AB (x = AB, y = CDEF)