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Five investors purchase a piece of land for one million dollars and decide to divide it fairly among themselves using the last diminisher method. The
Five investors purchase a piece of land for one million dollars and decide to divide it fairly among themselves using the last diminisher method. The investors are Bob, Patrick, Sandy, Gary, and Plankton (in that order.) In round 1, the only diminisher is Patrick. In round 2, the only diminisher is Gary. In round 3, everyone diminishes.
Describe who gets the land at the end of each round, as well as what happens in the final round.
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