A music school in Boyles Height, LA, specializes in teaching the guitar and the violin. After a spurt in growth and a few successful years, the school is experiencing a slowdown in sales and stability in its profits due to an increase in competition. The school is in the stage of its life cycle.

The business is at maturity stage

Explanation:

The reason is that the company's sales growth are static and that the competitors have entered the market which slow downed the sales growth. The decrease in sales growth might occur due to the fact that the market is not growing and that the existing firms have targeted all of the customers in that market. These are the signs of a mature market.

Maturity

Explanation:

The maturity stage of any business is the stage at which a business shows the point at which the business reaches its maximum point in terms of profit making and then the point as with the business slows down.

In the maturity stage of a business, the business garners very large acceptance within its market and the populace. This means that the business will slow down but profit will remain stable.

Cheers.

answer; is usually (less than) the socially optimal level of consumption;