12. Most large banks charge the same or nearly the same interest rate. When market conditions require

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12. Most large banks charge the same or nearly the same interest rate. When market conditions require an adjustment, one of the major banks announces a change in its rate and other banks quickly follow suit. What model of oligopoly behavior explains why this happens?

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Principles Of Microeconomics

ISBN: 9780393679199

3rd Edition

Authors: Dirk Mateer, Lee Coppock

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