2. Based on the following information about businesses in the coffee Cafe industry, what type of industry in an economic sense is this industry (perfect competition or monopolistic competition or oligopoly or monopoly)? (1 mark) The nature of the coffee Cafe industry in Britain Many sellers Product Free Entry and Exit Perfect Knowledge Differentiation Look on your high street All the shops have a Harrison & Hoole Customers know what near your workplace: different take on that recently entered the each of the coffee chains perfect cup of what they market backed by Tesco. do. Starbucks offer you in store ... Starbucks In Australia left They have a general Costa the market after failing to knowledge of the break past local chains process. Caffe Nero and independents. They are free to choose. Taylor St Independents 3. Describe two ways in which the coffee Cafe industry is different to one of the other industry types (you need to select and name the two industry types being compared). (2 marks)