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Suppose that the local market has four banks having the deposits shown below. Compute Herfindahl-Hirschman Index (HHI). How would the market be labeled according to
Suppose that the local market has four banks having the deposits shown below. Compute Herfindahl-Hirschman Index (HHI). How would the market be labeled according to the Justice Department Guidelines? Would bank A get approval for a merger with bank C?
Bank | Deposits |
A | 245 |
B | 113 |
C | 69 |
D | 55 |
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