At a fancy steak house, what is my $60-$100+ per steak paying for? 2.97K viewsMay 2, 2024EconomicsOther Question100.55K May 2, 2024 0 Comments Quality meat? Quality cooking? Staff and other overhead costs? Etc. In: Economics 44 Answers ActiveNewestOldest Anonymous Posted May 2, 2024 0 Comments It is a combination of high cost of ingredients and pure capitalism. You charge the highest price you can that won’t reduce demand to an unacceptable level. You are viewing 1 out of 44 answers, click here to view all answers. Register or Login
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