2. Players A, B, and C are dividing a continuous asset, with valuations given below. 0 1 2 3 a. Suppose that an arbitrator decides that A gets the portion from 0to 1, B gets the portion from 1 to 2, and C the portion from 2 to 3. Evaluate this proposed allocation for proportionality, equitability, and envy. b. Determine the outcome when the players use Moving Knife. The knife begins at 0 and sweeps to the right. i. Who calls cut first? ii. Who calls cut next? iii. Draw the resulting allocation and assess it for proportionality, equitability, and envy