Which of the following are correct arguments supporting passive investment strategies?

Which of the following are correct arguments supporting passive investment strategies?I. Active trading strategies may not guarantee higher returns but guarantee higher costsII. Passive investors can free ride on the activity of knowledge investors whose trades force prices to reflect currently available informationIII. Passive investors are guaranteed to earn higher rates of return than active investors over sufficiently long time horizons A. I onlyB. I and II onlyC. II and III onlyD. I, II and III