Previously in The Bahamas, the State Owned Enterprise, Batelco, provided mobile voice, mobile data, telephone sales, fixed line telephony and electronic communications regulatory services in The Bahamas via a Government imposed monopoly. Eventually, the Government separated the company into BTC (providing mobile voice, mobile data, telephone sales and fixed line telephony) and the regulatory body which eventually became URCA. Later, Cable Bahamas was licensed to enter the market initially offering cable TV services, then expanding into fixed line internet and fixed line voice services over its network. Eventually, BTC also expanded its product offering to include fixed line internet services and television services over its network. Later, the Government approved the license for Aliv (a company 50% owned by Cable Bahamas' parent company and 50% by the Government of The Bahamas).Based on the above information, please provide analysis of the business decisions which would have transpired over time based on the various economic factors discussed in this course. In your reply, please consider the following: What market structure would have existed in the early days? Why would this structure have been permitted by the policy makers? What risks/benefits may have been presented by this structure? What reasons may have caused the policy makers to intervene eventually to change the existing market structure? What factors would have impacted the decision of the second company to enter the sector? How would this shift in the market have affected BTC's behaviour in the market? What economic factors would have impacted the decision of Government to eventually allow a third company (ie. Aliv) to enter the market? What impact would this have had on the incumbent (ie. BTC) and what business decisions are likely to have been made