Bob owns the St. Paul Street one-stop convenience store, 1 of 70 convenience stores in his region. Which degree of competition is Bob facing?

Name: Bob owns the St. Paul Street one-stop convenience store, 1 of 70 convenience stores in his region. Which degree of competition is Bob facing?
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The large number of convenience stores in the region suggests that there are many sellers offering similar products, leading to a high degree of competition. This is indicative of perfect competition.

Bob Owns the St