What is the 'decoy effect' pricing strategy commonly used by upscale restaurants on their menus?

Pricing strategy plays a crucial role in the food industry. From menu engineering to psychological pricing tactics, restaurants and food manufacturers carefully craft their pricing to maximize both sales and profits. Test your knowledge about one of the most effective pricing techniques used by upscale restaurants to boost their bottom line without alienating customers.

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Placing the most profitable dish in the upper right corner where eyes naturally land first
Adding an extremely expensive item that few will buy but makes other high-priced options seem more reasonable
Removing currency symbols ($) from prices to minimize the pain of paying
Pricing all items ending in .95 or .99 to create an illusion of better value