One of the steps when installing a namespaced managed package is shown below. What will the Automatically attempt to rename conflicting components in installing package option do when there's a conflict? It sounds as if components within the managed package that is being installed will be renamed.
I always thought that a managed package was a self-contained application that cannot be modified. Is there any documentation on how this renaming is done? Or how a conflict could occur when the managed package has a namespace?