[Step-by-Step] Let V be the set of all diagonal 2 * 2 matrices i.e. V=[cca 0 , 0 b] \mid a, b are real numbers with addition is defined as: A \oplus B=A B,


Question: Let \(V\) be the set of all diagonal \(2 \times 2\) matrices i.e. \(V=\left\{\left[\begin{array}{cc}a & 0 \\ 0 & b\end{array}\right] \mid a, b\right.\) are real numbers \(\}\) with addition is defined as: \(A \oplus B=A B\), and standard scalar multiplication. With these operations, is \(V\) a vector space? Justify your answer. If it is not a vector space, list all axioms that fail.

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