Step 1: Understanding Trichoderma species.
Trichoderma species are indeed free-living fungi commonly found in the root ecosystems. They interact with plants and the surrounding environment, playing a significant role in plant health.
Step 2: Verifying their role as bio-control agents.
Trichoderma species are well-known for their ability to act as bio-control agents by inhibiting or parasitizing harmful plant pathogens, thus helping in plant protection.
Step 3: Conclusion.
Both the assertion and reason are true, and the reason correctly explains the assertion. Therefore, the correct answer is (A).
Final Answer: (A) Both Assertion (A) and Reason (R) are true and Reason (R) is the correct explanation of the Assertion (A).