> Restaurant makes less, customer pays a lot more.
only the latter is true. the former is true only for a subset of restaurants.
While your old pizza place probably serves the same amount of pizzas as before, for other restaurants, not specialized in delivery, the number of meals they sell has exploded.
so restaurant make less money per meal, put they make more meals.
also while customers pay more, you could see it as the price of convenience and choice.
only the latter is true. the former is true only for a subset of restaurants.
While your old pizza place probably serves the same amount of pizzas as before, for other restaurants, not specialized in delivery, the number of meals they sell has exploded.
so restaurant make less money per meal, put they make more meals.
also while customers pay more, you could see it as the price of convenience and choice.