Statement The Government has decide to auction construction of highways to private entities in several blocks across the country on built-operate-transfer basis. Which of the following assumption(s) is/are implicit in the above statement? I. An adequate number of private entities may not respond to the Government's auction notification. II. Many private entities in the country are capable of construction highways within a reasonable time. III. The Government's proposal of build-operate-transfer may financially benefit the private entities.

• I and II are implicit
• II and III are implicit
• Only II is impicit
• I and III are implicit