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3.1金融体系 1.金融体系的模式: 银行职能高度集中的金融体系 中央银行职能松散的金融体系

10.1 The Regulation of Markets and Institutions Financial system is one of most intensely regulated sectors of the U.S economy

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Imperfect Competition Imperfect competition refers to those market structures that fall between perfect competition and pure monopoly. Imperfect competition includes industries in which firms have competitors but do not face so much competition that they are price takers

Monopoly While a competitive firm is a price taker, amonopoly firm is a price maker. A firm is considered a monopoly if . . . – it is the sole seller of its product. – its product does not have close substitutes

The Meaning of Competition A perfectly competitive market has the following characteristics: – There are many buyers and sellers in themarket