answer these

(b) Derive restrictions between the parameters of the economy under which the equilibrium alloc ation of part (a) is dynamically inefficient. Explain the intuition behind your answer. (10 marks) (c) Show how a benevolent government can attain a better outcome in terms of welfare than th e market allocation of part (a). given that the market allocation satisfies the restrictions of part (b). Explain the intuition behind your answer. (15 marks)