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Evee is a leading producer of electric vehicles ( EVs ) in a highly competitive market. There are several other companies in the market, all
Evee 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, Evee developed a groundbreaking 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 Evee operates and explain your reasoning.
B Discuss the potential impact of the new battery technology on Evees market position and pricing strategy.
C Analyze how the introduction of this new technology might influence the behavior of other firms in the market.
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