Frech, Ted E; Wazzan, C. Paul - Department of Economics, University of California-Santa … - 2008
In U.S. antitrust, pricing below some level of cost has become almost necessary to a finding of predatory pricing. The case law is ambiguous on this, and the Circuits have differing standards, but many courts require a showing that price is, or was, below marginal (sometimes called incremental)...