Question: 3. Refer to the image below: U * p k 2 12 If the regional economy has 24 million workers: a) (2 pts) What would

3. Refer to the image below: U * p k 2

3. Refer to the image below: U * p k 2 12 If the regional economy has 24 million workers: a) (2 pts) What would be the optimal city size in the regional economy? Why? b) (2 pts) In order to reach Nash equilibrium, how many cities would exist? c) (2 pts) Why would this region not have 12 smaller cities

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