What best determines the level of competition?
A) the degree of population change
B) the number of substitutes for a certain good or service
C) the degree of change in income levels
D) the number of complementary products or service
E) the existence of complementary goods
B
Explanation: B) Competition is driven by substitute goods and services, one of the factors of demand. The greater the number of substitute products, the more competition a product faces.
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