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https://slate.com/business/2012/08/lobster-prices-are-collapsing-but-market-price-lobster-meals-arent-getting-any-cheaper.html Pricing Lobster in my Boston Restaurant (Please read this article:The mistery of the market Price) : b. Why do we observe the ratchet effect?

https://slate.com/business/2012/08/lobster-prices-are-collapsing-but-market-price-lobster-meals-arent-getting-any-cheaper.html

Pricing Lobster in my Boston Restaurant(Please read this article:The mistery of the market Price):

b.Why do we observe theratchet effect?

a. To reduce the unemployment rate.

b. Because of the short-run capacity constraint.

c. To minimize the ATC.

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