Final answer:
The price at the intersection of the demand and average total cost curves does not have a specific economic term and is not to be confused with equilibrium price, which is where the demand curve meets the supply curve.
Step-by-step explanation:
The price that occurs where the demand and average total cost curves cross is not actually a standard term in economics, like the equilibrium price.
In economics, the equilibrium price is defined as the price where the supply curve (S) and the demand curve (D) intersect.
At this point, the quantity that consumers are willing to buy equals the quantity that producers are willing to sell, known as the equilibrium quantity.
The scenario where the demand and average total cost curves cross does not correspond to a specific economic term and might typically be referred to in the context of a firm's breakeven point, where price equals average total cost, and the firm earns zero economic profit.
It is important to note that this situation is different from where the price or marginal revenue equals the marginal cost (P = MR = MC), which is the condition for profit maximization in a perfectly competitive market.