(Answered) Question the gold more metropolitan area is presently saved

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Question: The gold more metropolitan area is presently saved by five depository institutions Which total deposits as follows:

Calculate the Herfindahl-Hirschman Index (HHI) for the Gold more metropolitan area. Suppose that Rocky Mountain Trust Company and Security National Bank pro-pose to merge. What would happen to the HHI in the metropolitan area? Would the U.S. Department of Justice be likely to approve this proposed merger? Would your conclusion change if the Gold more County Merchants Bank and the Rocky Mountain Trust Company planned to merge?

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