Due to its ease of accommodating an increase in production, the representative firm in monopolistic competition typically has excess capacity over time.
<h3>What will happen if a monopolistic, rival business raises its price?</h3>
However, customers have the option to purchase a comparable product from another company if a monopolistic rival increases its price. When a dominant rival raises prices, it will not lose as many clients as a business operating in perfect competition, but it will lose more clients than a monopoly.
<h3>Why does monopolistic competition have excess capacity?</h3>
Natural monopolies or monopolistic competition both have excess capacity as a feature. It could take place as a result of businesses having to make lumpy or indivisible investments to boost capacity as demand rises.
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Answer: (A) Developing alternative
Explanation:
The rational decision is one of the type of model that helps in providing the various types of advantages and also reducing the overall structural cost by making the choices from the given alternatives.
The economical theory is one of the idea behind the rational concept and developing the alternatives is one of the important step of this model.
According to the given question, Moises is basically using the main step in the rational decision making model that is developing the alternatives as it providing the expertise tool and the knowledge.
Therefore, Option (A) is correct answer.
Answer:
In fact these loans are basically short term loans which do not require any collateral pledging to get its approval. ... Instead, the criterion for availing these loans is very simple.
