Economics Homework Help

I need an explanation for this Micro Economics question to help me study.

Write a one to two-page paper, addressing the following:

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.

1. Post the above introduction to the Class Discussion Board.
2. Respond to the postings of two of your classmates.