Take this ul for example:
ul
<ul> <li>HI THERE</li> <br> <li> <p>ME</p> </li> </ul>
<p> elements generally have margins and / or padding. You can set those to zero in a stylesheet.
<p>
li p { margin: 0; padding: 0; }
Semantically speaking, however, it is fairly unusual to have a list of paragraphs.
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