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QUESTION THREE [25] 3.1 The banking industry in South Africa is dominated by a few big banks. Identify and discuss the characteristics of this market

QUESTION THREE [25] 3.1 The banking industry in South Africa is dominated by a few big banks. Identify and discuss the characteristics of this market structure. (15) 3.2 Motivate the extent to which collusion is possible in the banking industry in South Africa. (10)

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