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The U.S. retail home mortgage market is very similar to perfect competition.Last week Citigroup reported larger than expected profits on aggressive cost-cutting.Shares of Citigroup rose
The U.S. retail home mortgage market is very similar to perfect competition.Last week Citigroup reported larger than expected profits on aggressive cost-cutting.Shares of Citigroup rose more than 4% on the news.
TFU and explain: Aggressive cost cutting by banks will yield long run excess profits, all else constant
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