Cake Jealousy

When two people want to divide a cake "fairly" among themselves, they have a pretty simple way to do it - one cuts the cake, and the other chooses a piece.

First, think how you'd do it in a three-way, then for n-way. There are a few variations, that you might want to think of:

Also, how many cuts would you need for it? Can you do it with the minimal (n-1) cuts?

It's actually a pretty hard question, so I'll give the password for the solution - it's just cake.

Solution

Password:
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