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 Producers

Producers in a market structure where they have some control over the price of their products due to a lack of perfect competition.

Downsloping Demand Curves

A graph that illustrates the inverse relationship between the price of a good and the quantity demanded by consumers; as price decreases, the quantity demanded increases.