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Classify the following markets as perfectly competitive, monopolistic, or monopolistically competitive and explain your answers. Wooden...

Classify the following markets as perfectly competitive, monopolistic, or monopolistically competitive and explain your answers.

  1. Wooden no. 2 pencils
  2. Copper
  3. Local electricity service
  4. Peanut butter
  5. lipstick

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Expert Solution

Rahul Sunny answered 2 years ago
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