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In our simple 2-city model of natural advantages, an increase in the total population that chooses between the two cities will lower rents due to
In our simple 2-city model of natural advantages, an increase in the total population that chooses between the two cities will lower rents due to the simple logic that with more workers the markets will be more competitive and more competitive markets lead to lower prices
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International Economics
Authors: James Gerber
6th edition
978-0132950145, 132950146, 132948915, 978-0132948913
