Question $3(15$ marks$)$Read the fictitious scenario below and answer the questions that follow:In the South African mobile services industry, three major companies, namely AMT, Big$-$Talk, and Cellcom, collectively control nearly $90\%$ of the market share. These companies have established themselves as the dominant players through a combination of strategic partnerships, technological innovations, and extensive infrastructure investments.The South African mobile services industry operates within a market structure, where these three companies influence pricing, market conditions, and overall competition. AMT, Big$-$Talk, and Cellcom, have also developed a complex web of interdependence, closely monitoring each other's actions and reacting promptly to changes in the market.Required:$3\mathrm{.}1.$ Identify and define the type of market structure described in the scenario above and list characteristics from the scenario that align with the characteristics of the identified market structure.$(8$ marks$)3\mathrm{.}2.$ What concerns may the Competition Commission have if ATM owns $70\%$ of the market share and Big$-$Talk and Cellcom each have $10\%$ of the market share?$($ marks$)$