The P2 is followed by a negative component between 200 and 300 ms with greater negativities for the phoneme match compared to the phoneme mismatch condition. This component, commonly named N2 (or descriptively named N3 by Strijkers et al., 2010), reflects phonological encoding during language production. During this phonological encoding stage speakers continuously monitor whether their phonological output is correct. Multiple lexical or phonological representations are available during this process. Therefore, conflict can arise from co-activation of phonological representation of color and object. In order to correctly produce an utterance the conflict must be resolved. This conflict could possibly be resolved through inhibition. This is similar to effects found with cognates vs. non-cognates (Christoffels et al., 2007; Strijkers et al., 2010; and descriptively reported in Verhoef et al., 2009) and during a word interference paradigm (Hoshino and Thierry, 2011). When producing a lexical item other lexical items or phonological representations are activated as well and this has to be resolved. Despite the conflicts, all of the above mentioned paradigms show behavioral facilitation for phonological matching conditions. The N2 effect has also been related to general response inhibition (e.g., Pfefferbaum et al., 1985; Jodo and Kayama, 1992; Thorpe et al., 1996) as well as to response conflict monitoring (e.g., Nieuwenhuis et al., 2003; Donkers and Van Boxtel, 2004). Thus, our results can be taken as evidence that the phonological overlap between color and object causes inhibition or response conflict monitoring during the N2 component, in line with the existing literature.