Economics Homework Help

I’m trying to study for my Finance course and I need some help to understand this question.

a. Describe in your own words the concept of market power.

b. What are the three reasons that a market might have a Monopoly?

                       c. Give examples of two monopoly Firms exercising their market power.

How do you see the merger of SABB bank with Alawwal bank to establish a huge financial institution with greater capabilities and a stronger budget to play a key role in supporting the 2030 Vision of Saudi Arabia? Take a side (Favor/Oppose) and Discuss.