According to an article in The Economist, in 2013, regulators in Britain thought that the TSB Bank,
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According to an article in The Economist, in 2013, regulators in Britain thought that the TSB Bank, the United Kingdom, would be successful in shaking up the oligopolistic British banking market—dominated by Barclays, HSBC, Llyods Banking Group, and The Royal Bank of Scotland Group—by providing competition to the existing retail banking market. Do you think the banking market can be considered as an oligopoly? Briefly explain.
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Yes the banking market can be considered an oligopoly An oligopoly is a market structure characteriz...View the full answer
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