Polytropic process
$P V^m=$ constant
Given heat capacities is average of $C_P$ and $C_V$ So
$C=\frac{C_P+C_V}{2}$
or $\quad C=\frac{2 C_V+R}{2}$
or $\quad C=\frac{C_V+R}{2} \quad \dots (i)$
Now formula for specific heat of polytropic process is given by
$C=\frac{R}{y-1}+\frac{R}{1-n} \quad \dots (ii)$
or $\frac{R}{y-1}+\frac{R}{2}=\frac{R}{y-1}+\frac{R}{1-n}$ as $C_V=\frac{R}{y-1}$
$\frac{R}{2}=\frac{R}{1-n}$
or $n=-1$

The $P-V$ diagram that best describes this cycle is
(Diagrams are schematic and not to scale)