overproduce the good because marginal private cost is less than marginal private benefit in competitive equilibrium. underproduce the good because marginal private social cost is less than marginal private benefit in competitive equilibrium in competitive equilibrium. underproduce the good because marginal social cost will exceed marginal social benefit in competitive equilibrium. overproduce the good because marginal social cost will exceed marginal social benefit in competitive equilibrium.

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.