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Part C: Land use over space [5 points] Let's now consider how land is allocated to the two different activities that we investigated above: agriculture and forestry. i) [1.5 points] Suppose the market for land is perfectly competitive. Over what distance from the coast 35 would we expect [and to be devoted to agriculture? What about forestry? Explain your answer. Use your graphs and any Excel tables from Parts A and B to come up with an answer. ii) [1.5 points] How does land use in the competitive market compare to the use of land that is optimal for society? Explain your answer. iii) [2 points] Suppose that society and the agriculturalist have the same value for land that is devoted to agriculture. What is the NPV of land to society if [and use is determined by a competitive market? How does this compare to society's NPV of land if land-use is allocated across activities to maximize social welfare