Economics (AS & A Level) · Oct / Nov 2022 · Paper 33 · Question 7
9708Different market structures
In which type of market structure are commercial banks usually found?
- Aperfect competition, because they all link their interest rates to that of the central bank
- Bperfect competition, because they offer identical products and services
- Cmonopolistic competition, because a competitive market prevents them making excess profits
- Doligopoly, because they are affected by the actions of other banks
As printed in the paper
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Correct answer: D. oligopoly, because they are affected by the actions of other banks
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