police-ical t1_jaeq6fe wrote on February 28, 2023 at 10:14 PM

Reply to comment by stairway2evan in ELI5- Given the average cost of a cup of coffee is marked up about ~80%, why hasn’t a company come in and charge significantly less to take a greater share of the market? by Educational_Sir3783

Coffeeshops are a striking example of this, as they have a very long history of functioning as a semi-public gathering space where people spend long periods of time relaxing, talking, working, reading, and so on. The price of a cup of coffee is really more like the price of entrance and the fee to stay there.