4 factors that determine the degree of competition in the market?

Question

using examples to illustrate the answers

Answer 1

1. number of buyers and sellers

2. barriers to entry and exit

3. availability of information Ie perfect competition demands perfect information

4. How differentiated the products are. Perfect competition homogeneous products

Answer 2

-Age or newness of the product or service

-Supply

-Depand

-Location

I'm really just guessing... hope it helps

Answer 3

Differentiation of the product, cost of start-ups, number of competing firms in the industry, government regulations.

Answer 4

appearance, ease of use, durability and cost.