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Planet Money cover image

All you can eat economics

Planet Money

NOTE

The Origins and Economic Strategies of All You Can Eat Buffets

All-you-can-eat buffets initially began as loss leaders, luring in customers with inexpensive deals. The modern buffet legend traces back to Las Vegas in the 1940s. Buffets employ economic concepts like price discrimination, where different customer groups are charged different prices, and the psychological pricing strategy of setting prices just below the whole dollar, such as ending in 95 cents.

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