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Question
How do you think the Department of Justice (DOJ) would characterize this market before the merger and which merger is more likely to be approved?
A. This is a competitive market and either merger will be acceptable to the DOJ.
B. This is a concentrated market and neither merger will be acceptable to the DOJ.
C. This is a concentrated market, but the merger between Banks 1 and 3 is more likely to be acceptable to the DOJ.
D. This is a competitive market, but the merger between Banks 1 and 2 is more likely to be acceptable to the DOJ.
E. This is a moderately concentrated market, but the merger between Banks 1 and 3 is more likely to be acceptable to the DOJ.
Answer
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