You are the owner and only employee of a company that writes computer software that is used by gamblers to collect sports data. Last year you earned a total revenue ofâ $90,000. Your costs forâ equipment, rent, and supplies wereâ $60,000. To start this business you invested an amount of your own capital that could pay you a return ofâ $40,000 a year. Your economic profit last year was:

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.