Which market structure best describes the banking industry? Provide supporting evidence why the banking industry falls under that particular classification (Perfect Competition, Monopoly, Oligopoly, Monopolistic Competition). Such evidence may be in the form of anecdotal evidence, stated industry concentration from cited sources, etc.
In my opinion, the banking industry falls under perfect competition, except for some specialised banks like the reserve bank which has more of ...
This post examines the banking industry.