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Discuss the nature of the product or service and ease of entry/ exits for each of the following: 1) Perfect competition 2) Monopolistic competition 3)

Discuss the nature of the product or service and ease of entry/ exits for each of the following:

1) Perfect competition

2) Monopolistic competition

3) Monopoly

Note to Tutor: These are for five (5) marks each please provide some detail in each answer

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