CUET Economics 2025 13 May Shift 1 PYQs

In the short run, the shape of the average fixed cost curve for a typical firm is?

Marginal cost curve intersects average cost curve at ..........

Select the INCORRECT condition for profit maximisation in the perfect market.

1. The price must equal to MC.
2. Marginal cost must be non-decreasing.
3. Price must be less than the average cost.
4. Price must be greater than the average cost.