Illustrate what would you expect to happen to costs

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There are over 5,000 bnaks in the United States-more than 10 times the number per person than in other industralized countries. A recent sutdy suggests that the long run average cost curve for an individual bank is relatively flat. If congress took steps to consolidate banks, thereby reducing the total number to 2,500, what would you expect to happen to costs within the banking industry? Explain

Reference no: EM1362668

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