The price equals marginal cost rule for profit maximization is a specific example of which of the following core principles?

Name: The price equals marginal cost rule for profit maximization is a specific example of which of the following core principles?
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The price equals marginal cost rule is based on the cost-benefit principle, where firms maximize profit by equating marginal cost to marginal revenue, ensuring that the benefit of producing an additional unit equals its cost.

The Price Equals Marginal Cost Rule for Profit Maximization Is