The World View article "Foxy Soviets Pelt the West: Sable Monopoly Traps Hard Currency, Coats Capitalists" provides evidence that
A) Prices are lower than they would be in a competitive sable market.
B) Long-run economic profit is zero.
C) Output of sable is lower than it would be in a competitive market.
D) There are no barriers to entry in the sable market.

Question

Quizplus · Accepted Answer

The article discusses how the Soviet Union has a monopoly on sable and limits its output, causing the price to be higher than it would be in a competitive market. This indicates that the output of sable is lower than it would be in a competitive market. The article does not provide evidence or information on prices being lower than they would be in a competitive sable market, long-run economic profit, or barriers to entry in the sable market.

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