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Classify the following markets as perfectly competitive, monopoly or monopolistically competitive, and explain your answers: (6 marks) (i) Wooden HB pencils (ii) Bottled mineral water

Classify the following markets as perfectly competitive, monopoly or monopolistically competitive, and explain your answers: (6 marks) (i) Wooden HB pencils (ii) Bottled mineral water (iii) Copper (iv) Local telephone calls (v) Peanut butter (vi) Lipstick

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