At a fancy steak house, what is my $60-$100+ per steak paying for?

3.01K viewsEconomicsOther

Quality meat? Quality cooking? Staff and other overhead costs? Etc.

In: Economics

44 Answers

Anonymous 0 Comments

It really depends, in some cases (especially with chains) you’re paying for the name and atmosphere. You usually are also paying for higher grades of steaks but that is not always a given, even famous high end places like Peter Leuger’s has majorly slipped over the years.

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