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b. Explain in some detail how Tesla made a profit in 2021. To prepare for this task, you will do the following: illustrate using an
b. Explain in some detail how Tesla made a profit in 2021. To prepare for this task, you will do the following: illustrate using an appropriate diagram* of Tesla's market power in setting its price to maximise profits; use a combination of actual and hypothetical values (rough guesses) for the prices, quantities and costs, relying on intuition and good judgement. - HINT: As a suggestion, assume the profit-maximising point is | of Model 3 sedans. A sound answer describes relevant aspects related to the diagram (e.g., markup
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