Sable monopoly traps hard currency-coats capitalists

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Reference no: EM13736720

The World View article "Foxy Soviets Pelt the West: Sable Monopoly Traps Hard Currency, Coats Capitalists" provides evidence that

Prices are lower than they would be in a competitive sable market.

Long-run economic profit is zero.

Output of sable is lower than it would be in a competitive market.

There are no barriers to entry in the sable market.

Reference no: EM13736720

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