In all forms of imperfect competition, the average revenue curve facing the individual slopes

The correct answer is: B. downward.

In all forms of imperfect competition, the average revenue curve facing the individual firm slopes downward. This is because the firm can charge a higher price for its product if it produces a smaller quantity. As the firm produces more, the price it can charge will fall, because there will be more competition from other firms.

Option A is incorrect because the average revenue curve facing the individual firm slopes downward, not upward.

Option C is incorrect because the average revenue

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