Are the major banks in the U.S. an oligopoly that use collusion to control the market? In other words, do the mega banks work together to eliminate their competition? We see all these regional banks shutting down while the mega banks make record profits. Would it be true to say that an Oligopoly could work together to form monopoly powers? Are they bad for our society? Why wouldn't they be more regulated such as a monopoly should be? I appreciate the answers.
