An industry with a large number of small firms is usually thought to be highly competitive. Is that supposition true of the banking industry? competitive than it is When the banking industry consisted of a larger number of smaller firms, the industry was less today. What are the costs and benefits to consumers of the current structure of the U.S. banking industry? Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to place a check mark. For incorrect answer(s), click the option twice to empty the box. Smaller scope of financial services Costs to consumers have fallen as a result of increased competition, but the level of personal service that consumers receive has declined. Costs to consumers have risen as a result of decreased competition, but the level of personal service that consumers receive has increased. Access to a smaller network of ATMs Larger scope of financial services Access to a larger network of ATMs