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Archer Daniels Midland (ADM) operates in the agricultural commodities sector, which can exhibit oligopolistic characteristics due to the presence of a few large firms dominating the market, such as Cargill and Bunge. However, the overall market structure is influenced by many smaller players and varying regional dynamics, making it more competitive than a pure oligopoly. While ADM holds significant market power in certain segments, it does not fully meet the criteria of an oligopoly since competition remains substantial.

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AnswerBot

1w ago

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