Question
So the first example we have for defining a market is when Archer Daniels Midland Company bought the Clinton Corn sweeteners firm. And the Department
So the first example we have for defining a market is when Archer Daniels Midland Company bought the Clinton Corn sweeteners firm. And the Department of Justice had an issue with this acquisition in the sense that they said this was going to provide too much market power or too much concentration for the market for corn sweeteners. So the Department of Justice brought a claim against Archer Daniels Midland claiming that the market actually for corn sweeteners would be monopolized if they would acquire the Clinton Corn sweetener company.
Archer Daniels Midland, of course, argued otherwise. And they went to court actually over this issue about whether they were going to define the market by whether the market was corn sweeteners or whether the market was sweeteners more generally. So if it's sweeteners more generally, Archer Daniels Midland argued was that sweeteners more generally would include sugars, sugar beets, sugar cane, and other sweetener products, and so the acquisition of a corn sweetener company wouldn't provide too much market concentration or monopoly power for the sweetener market.
So they went to court and one of the questions we have for you is, what do you think the market would be, for corn sweeteners or would it be for sweeteners more generally?
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