Statement: The TV industry has requested the government to lower customs duty on colour picture tubes to 10% so that colour TV sales can touch 10 m units in the next fiscal. Assumptions: I. Unreasonable protection to the Indian colour picture tubes industry has slowed down growth in the CTV industry. II. Overprotection encourages predatory pricing policy of domestic manufacturers.

• if only assumption I is implicit.
• if only assumption II is implicit.
• if either I or II is implicit.
• if neither I nor II is implicit.