long run incremental cost

long-run incremental cost. Antitrust. A cost threshold for determining whether predatory pricing has occurred, consisting of all costs that, over a several-year period, would not be incurred if the product in question were not offered. • It differs from average variable cost because it includes some costs that do not vary in the short run but that do vary over a longer period, depending on whether a particular product is offered. — Abbr. LRIC. Cf. AVERAGE VARIABLE COST.

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词条贡献者

资深译员玉晶，毕业于国内顶尖的高级翻译学院，擅长翻译各类与环境、安全与健康相关的法律文件。