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The maker of Spam, Hormel, is sued by the government's antitrust division for having and attempting to maintain a monopoly. The government claims that no

The maker of Spam, Hormel, is sued by the government's antitrust division for having and attempting to maintain a monopoly. The government claims that no one else markets a processed meat product in a blue can with yellow lettering. Lawyers for Hormel immediately jump up and gleefully introduce as evidence the fact that the cross-price elasticity of demand between Spam and Vienna Sausages is 0.05. What are the lawyers trying to prove? What do you think of their evidence?

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