Question

4. Read the article, The Mystery of the Market Pricein the Learning Resources before beginning this question. 1. Is the end of the first paragraph on the second page an example of short-run pricing or long-run pricing? That is, by charging higher prices, should this restaurant expect other restaurants to enter immediately (say this lobster season)? http://www.slate.com/articles/business/moneybox/2012/08/lobster_prices_are_collapsing_but_market_price_lobster_meals_aren_t_getting_any_cheaper_.html