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Ana and Lizeth are discussing whether the frozen pizza industry is perfectly or monopolistically competitive. Ana thinks it is perfectly competitive and Lizeth thinks it

  1. Ana and Lizeth are discussing whether the frozen pizza industry is perfectly or monopolistically competitive. Ana thinks it is perfectly competitive and Lizeth thinks it is monopolistically competitive. Whom do you think is correct? Justify your response with 2 valid explanations.
  2. What is an oligopoly? How does an oligopoly differ from a competitive market?list and explain 4 differences.

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