Question: Peter's Restaurant lists separate prices for all the items on its dinner menu. Chez Pierre offers only a fixed-price complete dinner (with patrons choosing from
Peter's Restaurant lists separate prices for all the items on its dinner menu. Chez Pierre offers only a fixed-price complete dinner (with patrons choosing from a list of appetizers, entrees, and desserts). Casa Pedro offers complete dinners at a fixed price and an a la carte menu. Under what different circumstances might these respective pricing schemes make economic sense? Explain briefly.
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