Competition Degree means the power or the influence that a firm creates over the market which eventually affects the whole structure and thus the system works according to the competition.The Four Competition Degrees are: Perfect competition, which primarily means that there are a large number of sellers in the market who competes for customers. Monopolistic competition, in this type of competition, there are many sellers, who produce quite similar products, but the customers see their products as differently, which created the competition. The third is Oligopoly, where few firms compete or collab against or with each otherThe fourth is the Monopoly, which means a single seller.