"Why do restaurants often offer lunch specials at lower prices than their regular menu items?" using the following concept answer the question.

opportunity cost, cost/benefit analysis, and markets. For example, analyze the opportunity cost of attracting more customers during lunch hours when restaurants might have lower demand. A cost/benefit analysis could help you understand why offering lower-priced specials can be beneficial for the restaurant's overall revenue, as it attracts more customers and increases turnover during that time. Additionally, you can explore how competition among restaurants influences pricing strategies and drives them to offer lunch specials to remain competitive.