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ECO 202 Unit 8 Group DB: Types of Competition

ECO 202 Unit 8 Group DB: Types of Competition

1 page apa format

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