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Assume two cities, A and B, exhibitidenticalutility functions given by U=1.6N - 0.33*N 2 , where N denotes the city's population in million. Each city
Assume two cities, A and B, exhibitidenticalutility functions given by
U=1.6N - 0.33*N2, where N denotes the city's population in million. Each city has apopulation of 3m. Are they in equilibrium? Why or why not?
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