There Are Three Banks in East Panhandle

question 41

Multiple Choice

There are three banks in East Panhandle.First State Bank which currently has 25 percent of the deposits,Second State Bank which currently has 40 percent of the deposits and Third State Bank which has the rest.Compute the share of the Third State Bank in the market.Suppose First State Bank and Third State Bank propose to merge in order to compete with Second State Bank.According to the Department of Justice Guidelines,would this merger be allowed?

• A)Very likely
• B)Likely,but with certain regulatory restrictions
• C)Highly unlikely
• D)Not enough information to make the determination
• E)None of the options is correct

---

Definitions:

Justice

The principle of fairness and moral righteousness that guides the administration of law and ensures that individuals receive what they are due.

Common Law

A legal system based on custom, tradition, and court decisions, rather than written laws.

Proof of Guilt

The evidence and argument required in a legal proceeding to establish the defendant's guilt beyond a reasonable doubt.

Criminal Law

The branch of law dealing with crimes and their punishment.