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

2.97K viewsEconomicsOther

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

In: Economics

44 Answers

Anonymous 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.