Two tablet manufacturers, MyTAB and TBlet produce identical tablets. These both cost 250 to produce. MyTAB charges 300 for its tablet whereas the selling price of TBlet's tablet is 325. (a) What will the equilibrium price be and how will this be reached? Explain in detail. For their second-generation tablets, both firms introduce new, but different, features to their tablets. MyTAB chooses to incorporate a high specification camera into its new model, whereas TBlet's new product has a much higher screen resolution than that of its rival. (b) What can you say about the new equilibrium price under this scenario? Explain in detail using an appropriate diagram. (c) If it were the case that MyTab grew and had an annual turnover three times the size of TBlet's, would you expect a change in the equilibrium? Illustrate your answer with a clearly explained diagram.