Question: please help me to answer the question a) Monopoly: For years, Telsa was the only company producing Electric Vehicles (EV). With a graph show profit
please help me to answer the question
a) Monopoly: For years, Telsa was the only company producing Electric Vehicles (EV). With a graph show profit maximization quantity (q*) and price (p*) for Tesla.
b) Monopolistic Competition: Now many of the other car manufacturing companies have started creating EVs. How q* and p* change for Tesla with this new competition. Use a graph to explain.
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