A-LevelEconomicsThe price system and the microeconomy9708/32 · Oct/Nov 2019 · Q91 Mark
In which type of market structure are commercial banks usually found?
- (A)perfect competition, because they all link their interest rates to that of the central bank
- (B)perfect competition, because they offer identical products and services
- (C)monopolistic competition, because a competitive market prevents them making excess profits
- (D)oligopoly, because they are affected by the actions of other banks
Mark scheme
Marking points from the official mark scheme (Oct/Nov 2019). The mark or mark type is shown in brackets.
- [1] D
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