Based on the headline "Foxy Soviets Pelt the West: Sable Monopoly Traps Hard Currency, Coats Capitalists" you could predict that
A) Output is more than it would be in a competitive market.
B) Long-run economic profit is positive.
C) The sable market is contestable.
D) Sable producers are franchise monopolists.

Question

Quizplus · Accepted Answer

The headline suggests that the Soviets have a monopoly on sable, which allows them to trap hard currency and cater to capitalists, indicating that they can maintain long-run economic profits due to lack of competition.

Based on the Headline "Foxy Soviets Pelt the West: Sable