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.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.
Requirements: not too long -keep it clear