The World View article "Foxy Soviets Pelt the West: Sable Monopoly Traps Hard Currency, Coats Capitalists" provides evidence that the Soviets would
A) Experience zero long-run profits in the sable market.
B) Practice marginal cost pricing.
C) Charge a price greater than marginal revenue.
D) Practice price discrimination.

Question

Quizplus · Accepted Answer

The article states that the Soviets were charging a "stiff" price for their sable furs, "trapping" Western capitalists and making hard currency. This implies that they were charging a price greater than marginal revenue, which would result in profits. The article does not provide evidence for the other options.

The World View Article "Foxy Soviets Pelt the West: Sable