In the diagram below, the curve which represents firm’s short-run average variable cost is curve? By: Sunday|Published on: Aug 3|Categories: Economics WAEC| 0 comments A. l B. ll C. lll D. IV Correct Answer: Option C – lll Users Also Read These:The diagram above shows a firm operating under…What accounts for the ‘U-shaped’ of the short-run…If the short-run cost curve of a firm is U-shaped;…The long-run average cost curve is made up of…The long-run average cost curve touches to the…SEE ALSO When the death rate for old people and the infant mortality rate are high, with no migration, there will be in the population a higher number of?