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Suppose two passengers both end up with a reservation for the last seat on a train from San Francisco to Los Angeles. Two alternatives are proposed....

1. Suppose two passengers both end up with a reservation for the last seat on a train from San Francisco to Los Angeles. Two alternatives are proposed.
  A) Toss a coin.
  B) Sell the ticket to the highest bidder.
Compare the two from the standpoint of efficiency and equity.

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