A firm, ABC Company, is operating in a ________ market is struggling to think of strategies to capture a bigger share in the market which was previously controlled by two mega-corporations. While ABC has no big problems in finances or capital requirement, capacity, expertise, and legal or regulatory requirements needed to battle it out with the other two, getting a bigger share in the market remains a challenge. Answer the Following:

a. Prior to entry of ABC, what is the market structure? Justify your answer.

b. With the entry of ABC, what is the current market structure now?

c. How do you address the ultimate objective of the firm in this case? Provide at least 5 strategies that can be recommended in light of your answer in item b. and explain each including its advantages and disadvantages.