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) Assume that government spending is exogenous and funded with area-specific lump sum taxes. Characterize the competitive equilibrium. Note that the above setup provides many,

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) Assume that government spending is exogenous and funded with area-specific lump sum taxes. Characterize the competitive equilibrium. Note that the above setup provides many, but not all, of the assumptions necessary to solve the model. Be sure to specify any other assumptions you need

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