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1) (i) What are the assumptions of a perfectly competitive market? [20 marks] (ii) Contrast it with that of a monopoly. [20 marks] Address the

1) (i) What are the assumptions of a perfectly competitive market? [20 marks] (ii) Contrast it with that of a monopoly. [20 marks] Address the points provided below where applicable: Number of buyers and sellers Barriers to entry Control over price charged

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