How Do You Think the Department of Justice (DOJ)would Characterize

Multiple Choice

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? $\begin{array}{lccc} \text {Bank }& \text { Asset Size}\\ 1&\$ 100 \text { million}\\2& \$ 200 \text { million}\\3&\$ 500 \text { million}\\\end{array}$

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.