Bonus

Previous bonus - Next bonus
Jan De Loecker and Paul Scott measured market power in the brewing industry by using demand data and by estimating these objects. For 10 points each:
[10h] Name these mathematical entities. A 2020 paper by De Loecker, Eeckhout, and Unger estimates these objects across hundreds of U.S. companies from the 1950s onward to measure markups over time.
ANSWER: production functions [or translog production functions; or Cobb-Douglas production functions; reject “supply (functions)”; reject “cost function(s)”]
[10e] Susanto Basu has argued that markups are a better measure of market power than this quantity, which equals total revenue minus cost of goods sold.
ANSWER: total profits [or gross profits; accept profit rate; accept profit margin]
[10m] In this type of market, due to low barriers to entry, a firm’s markups are positive but long-run profits are zero. The Chamberlin and Dixit-Stiglitz models describe this type of market, which has differentiated goods.
ANSWER: monopolistic competition [prompt on imperfect competition; reject “monopoly”; reject “perfect competition”]
<Social Science>
Answerlines and category may not exactly match the version played at all sites

Back to bonuses

Conversion

TeamOpponentPart 1Part 2Part 3TotalParts
British ColumbiaGeorgia State0101020EM
Chicago AWUSTL A010010E
Columbia BRIT0000
Georgia TechCornell A0101020EM
HarvardJohns Hopkins010010E
Illinois AUC Berkeley A0101020EM
MITChicago B010010E
MarylandNorth Carolina B0101020EM
MichiganCornell B0101020EM
MinnesotaIowa State010010E
NorthwesternColumbia A0101020EM
Ohio StateVanderbilt010010E
OttawaArizona State010010E
Penn StateFlorida010010E
RutgersIndiana0101020EM
StanfordNorth Carolina A0101020EM
Toronto AWaterloo A0101020EM
Toronto BVirginia Tech010010E
Toronto CTexas0101020EM
UC Berkeley BLSE010010E
UCFWinona State010010E
VirginiaIllinois B0101020EM
WUSTL BYale0101020EM
Waterloo BNYU0101020EM

Summary

TournamentExact Match?HeardPPBEasy %Medium %Hard %
2025 ACF NationalsYes2415.0096%54%0%