For the past 80 years concession prices have been used to keep ticket prices artificially low, to increase the number of film goers, which helps the theaters stay busy, creates the "experience" (I've yet to be in a crowded theater and someone actually hold up a conversation, or answer a cell phone), and most of all allows greater profits to go to the film companies and allows bigger better quality films to be produced.
It's not a joke, it's a sound business strategy. Just like how Coca-Cola and Pepsi have two-dozen drink products each even though 78% of Coca-Cola's gallon sales come from actual "Coca-Cola".
This is similar to how I walk into the grocery store and see beef packaged at $1/lb even though I have a relative in the meat packing industry, that actually packages the meat for my local store and he says they (the meat packers) can't sell it for less than $1.50/lb without making a loss.