Which of the following is not consistent with perfect ...

[abarnes]

Which of the following is not consistent with perfect competition?
 
  a. all firms face the same costs.
  b. firms cannot determine the price of the goods they sell.
  c. the marginal product of labor is diminishing.
  d. firms negotiate the same wages for different workers.

Question 2

The real interest rate ________ inflation ________.
 
  A) is unaffected in the long run by; because of the classical dichotomy
  B) moves one for one with expected; in the long run
  C) always increases with; but because of the Fisher effect lower expected inflation ensues
  D) all of the above
  E) none of the above

[makaylafy]

Answer to Question 1

B

Answer to Question 2

A

[abarnes]

Thanks for the timely response, appreciate it

[duy1981999]

YES! Correct, THANKS for helping me on my review