A position for the woman on her own terms

1. Does "a position for the woman on her own terms" mean "an independent position for the woman"?

2. Does "interrogate fetishism" mean "explore and investigate fetishism"?

3. Does the pink section mean "Mulvey in reviewing Sherman’s later works says that this is very difficult, so that it may result in 1. the whole artworl loses its meaning or 2. the appearance of bodily materials and fluids (vaginal discharges) in the artwork, which these bodily materials and fluids are themselves fetishes"?

Context:

The phallic model of sexual difference situates the man in the guise of ‘having’ the phallus by dint of the fact that he possesses a penis, although, as I have said, the two are not equivalent. For the woman to accede to phallic power she can turn herself into the phallus, she can ‘be’ it, so that the heterosexual man can find the signifier of his desire in the body of the woman, and she gains pleasure from her ability to seduce. However, this economy
excludes a position for the woman on her own terms, and while numerous women artists have attempted to interrogate fetishism in order to find a space for female subjectivity in its realm, Mulvey’s point about Sherman’s later works raises the difficulty of doing this without the risk of falling out of signification or being reduced to a bodily essence in abject fluids which in turn are re-fetishised.