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Ashton lives in a suburb of the city. It seems new businesses are opening up every month in the downtown area—most are quaint eateries that sell everything from sandwiches to small plates to desserts. Ashton has just graduated culinary school and plans to open an eatery downtown as well, given the eatery’s growing popularity there. However, ashton’s marketing consultant advises against this idea because of the downtown area’s:.

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Martebi

Ashton’s marketing consultant advises against this idea because of the downtown area’s level of competition.

What set the level of competition?

The conditions that is known to determine the level of competition in a given market at a particular area is said to be the number and the size of buyers and sellers.

There are different types of competition in a free market system. They are:

  • Perfect competition
  • Monopolistic competition
  • Oligopoly
  • Monopoly.

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