3 ms·
Maybe it's for the same reason cinema ticket prices are the same for every movie. Price is a (often inaccurate) signal of quality. By lowering the price you are
by rgblambda 4y ago
Maybe it's for the same reason cinema ticket prices are the same for every movie. Price is a (often inaccurate) signal of quality. By lowering the price you are saying this product is inferior.
On the other hand it could be because if restaurants have a similar product at a lower price, then customers might go for the cheaper option, thus reducing overall profits.