Low marginal costs refer to the minimal additional expense incurred when producing one more unit of a good or service. In the context of media products and services, this concept highlights the economic efficiency of content creation and distribution, where once a piece of content is created, the cost to produce additional copies or distribute it to more consumers is relatively low compared to the initial investment. This characteristic enables media companies to maximize their profits while minimizing expenses, making it easier to reach larger audiences.
congrats on reading the definition of low marginal costs. now let's actually learn it.