Answered

Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Get the answers you need quickly and accurately from a dedicated community of experts on our Q&A platform. Our platform offers a seamless experience for finding reliable answers from a network of knowledgeable professionals.

The major factors that affect the degree of competition are
number of companies, amount of advertising, and number of factories.
number of companies, size of companies, and type of product.
number of companies, business costs, and product differences.
number of companies, business costs, and amount of advertising.

Sagot :

Answer:

number of companies, business costs, and product differences.

Explanation:

The price of the product in a market is influenced by the supply and demand of the product. Business competition refers to the competition that exists among the companies that deal with the same product or industry. Competition has a positive impact on the businesses. It help in engaging and escalating the business and promoting it in the market. The number of companies in a market and the cost of the products determine the competition in the market. The difference between the prices of the products also affects the degree of competition.

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. Your visit means a lot to us. Don't hesitate to return for more reliable answers to any questions you may have. Thank you for trusting Westonci.ca. Don't forget to revisit us for more accurate and insightful answers.