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(2 points) Consider the Monocentric city model. Households have a perfectly inelastic demand for housing. Due to zoning regulations, developers build a different amount of
(2 points) Consider the Monocentric city model. Households have a perfectly inelastic demand for housing. Due to zoning regulations, developers build a different amount of housing h across locations: h=10 for 0d10, h=5 for 10
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