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Classify the following markets as perfectly competitive, monopolistic, or monopolistically competitive and please explain Wooden no. 2 pencils Copper Local electricity service Peanut butter lipstick

Classify the following markets as perfectly competitive, monopolistic, or monopolistically competitive and please explain

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

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