Company A is a leading producer of electric vehicles (EVs) in a highly competitive market. There are several other companies in the market, all producing similar EV models with slight differences in design and features. Recently, Company A developed a ground-breaking new battery technology that significantly increases the driving range of their EVs compared to their competitors. Analyze the given scenario by addressing the following points: A. Identify the market structure in which Company A operates and explain your reasoning. (6) B. Discuss the potential impact of the new battery technology on Company A's market position and pricing strategy. (7) C. Analyze how the introduction of this new technology might influence the behavior of other firms in the market. D.Evaluate the potential long-term effects of the new technology on the market structure and competition in the industry.