Classify the following markets as perfectly competitive, monopolistic, or monopolistically competitive, and explain your answers. a. wooden no. 2 pencils b. copper c. local telephone service d. peanut

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

a. wooden no. 2 pencils
b. copper
c. local telephone service
d. peanut butter
e. lipstick

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Classify the following markets as perfectly competitive, monopolistic, or monopolistically competitive, and explain your answers. a. wooden no. 2 pencils b. copper c. local tele…

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