Why is Pixar so expensive?

Could you please elaborate on why Pixar, the renowned animation studio, is considered to be so expensive? Are their production costs significantly higher than other animation studios, and if so, what specific factors contribute to this? Does their focus on innovation and cutting-edge technology drive up the costs, or is it the level of detail and quality in their films that sets them apart? Additionally, how do these expenses ultimately impact the ticket prices for audiences and the overall profitability of the studio?