Which of the following is incorrect? Imperfectly competitive producers:

A) face downsloping demand curves.
B) do not compete with one another.
C) can alter their output by changing price.
D) find that,when they reduce price,their total revenue increases by less than the new price.

Imperfectly Competitive

Describes markets where individual buyers or sellers have some control over the price of goods and services due to a lack of perfect competition, often resulting in market power and price distortion.

Downsloping Demand Curves

A graphical representation showing that the quantity demanded of a good or service decreases as its price increases, holding other factors constant.

Total Revenue

The total amount of money generated by a business from its sales of goods or services before any expenses are subtracted.