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Classify two of the following markets as perfectly competitive, monopolistic, or monopolistically competitive and explain your answers. Gasoline at the pump Oranges Train service from

Classify two of the following markets as perfectly competitive, monopolistic, or monopolistically competitive and explain your answers.

  1. Gasoline at the pump
  2. Oranges
  3. Train service from New York to Boston
  4. Suntan lotion
  5. Diabetes medication

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