Marginal Costs

Note: a description about Marginal costs is also available in the Competition Law Portal of the European Encyclopedia of Law.

Marginal costs in the European Antitrust Law

Meaning of Marginal costs provided by the “Glossary of terms used in EU competition policy” (European Commission. Directorate-General for Competition. Luxembourg: Office for Official Publications of the European Communities, cop. 2002): Costs born by a firm of producing an additional unit of output. Marginal costs are a function of variable costs only, since fixed costs do not vary with output.