CUET Economics 2025 13 May Shift 1Micro > EasyAt maximum point of average cost curve.At minimum point from of average cost curve.Do not intersect.Intersect at mid point at rising average cost curve.✅ Correct Option: 2Related questions:30 May Shift 2The point of minimum average cost at which the supply curve cuts the long run average cost curve is called?2 June Shift 1Under perfect competition, for the producer to be in equilibrium:29 May Shift 1How does an increase in price affect supply?