In the diagram below, the curve which represents firm’s short-run average variable cost is curve? by Sunday | Aug 3 | Economics WAEC | 0 comments A. l B. ll C. lll D. IV Correct Answer: Option C – lll Users Also Read These:The downward sloping part of the long-run average…The short-run average variable cost of a firm will…If a firm's price is less than average cost but more…If the fixed cost of a firm is 800.00 Naira and it's…If TC, FC and VC represent total cost, fixed cost…