A perfectly competitive market is characterized by the selling of homogenous products, hundreds of..

A perfectly competitive market is characterized by the selling of homogenous products, hundreds of different sellers, very easy entry and exit sellers, and a nearly perfect market elasticity of demand curve. Correspondingly, a Monopolistically competitive model also entails easy exit and entry of sellers, a relatively high volume of sellers (between 25-90), and minimal control over price. In a few sentences, describe their differences.