Joan Robinson - 2026 ACF Regionals

Question

In 1964, this economist claimed that Kim Il-Sung was a “messiah instead of a dictator” and that North Korea should absorb South Korea. For 10 points each:

[10h] Name this Cambridge economist who popularized the term “monopsony” to describe single-demander markets and extended Keynesian economics to the long run in The Accumulation of Capital.

ANSWER: Joan Robinson [or Joan Violet Robinson]

[10e] Robinson primarily applied the concept of monopsonies to markets named for this factor of production to explain the gender wage gap. Company towns are monopsonies in markets named for this factor of production.

ANSWER: labor markets [or job markets]

[10m] With Edward Chamberlin, Robinson developed a theory of this market structure. In this market structure, many differentiated firms are expected to make a normal profit while not producing at an efficient quantity.

ANSWER: monopolistic competition [prompt on MC; reject partial answers]

Back to bonuses

Summary


California (South)	Main Site	Y	4	12.50	75%	50%	0%
Canada	Main Site	Y	12	12.50	83%	33%	8%
Great Lakes	Main Site	Y	4	15.00	100%	50%	0%
Lower Mid-Atlantic	Main Site	Y	9	13.33	89%	33%	11%
Northeast	Main Site	Y	6	10.00	67%	33%	0%
Overflow	Main Site	Y	3	10.00	100%	0%	0%
Southeast	Main Site	Y	8	10.00	75%	0%	25%
UK	Main Site	Y	6	5.00	50%	0%	0%
Upper Mid-Atlantic	Main Site	Y	8	16.25	100%	38%	25%

Data


Arizona State	UC Irvine	0	10	0	10
UCLA B	UCSD B	0	10	10	20
UCLA A	UCSD A	0	10	10	20
UC Santa Barbara	UCSD C	0	0	0	0
CWRU A	Ohio State B	0	10	0	10
Michigan B	Michigan A	0	10	10	20
Pittsburgh	Ohio State A	0	10	10	20
Ohio State C	CWRU B	0	10	0	10
Liberty B	Duke	0	0	0	0
Liberty A	Wake Forest	0	10	0	10
NC State A	James Madison B	0	10	0	10
North Carolina C	North Carolina A	0	10	0	10
James Madison A	South Carolina A	0	10	0	10
Virginia Tech A	VCU	0	10	10	20
Virginia Tech B	North Carolina B	0	10	10	20
Virginia	Liberty C	10	10	10	30
South Carolina B	William and Mary	0	10	0	10
Dartmouth B	Bowdoin A	0	0	0	0
MIT	Bowdoin B	0	10	0	10
Brandeis B	Brown	0	0	0	0
Harvard A	Brandeis A	0	10	10	20
Southern Connecticut State	Harvard B	0	10	0	10
Dartmouth A	Yale	0	10	10	20
Iowa State	Missouri B	0	10	0	10
Missouri A	Minnesota A	0	10	0	10
Washington A	Washington B	0	10	0	10
Bruin	Louisville B	10	10	0	20
Georgia Tech C	Georgia Tech D	0	10	0	10
Mississipi State	Kentucky	0	10	0	10
Louisville A	Sewanee	0	0	0	0
Alabama A	Tennessee A	0	0	0	0
Tennessee B	Alabama B	0	10	0	10
WashU A	Georgia Tech B	10	10	0	20
Vanderbilt B	WashU B	0	10	0	10
Southampton A	Birmingham	0	0	0	0
Imperial B	Cambridge A	0	10	0	10
Cardiff	Oxford C	0	0	0	0
Manchester	Southampton B	0	0	0	0
Edinburgh A	Warwick A	0	10	0	10
Warwick B	Montpellier	0	10	0	10
Brock	Western C	0	0	0	0
Waterloo B	Carleton University	10	10	10	30
McGill A	Guelph	0	10	0	10
McMaster B	Western A	0	10	0	10
Ottawa	Queen's	0	10	10	20
Simon Fraser	McGill B	0	10	10	20
Toronto B	UBC A	0	10	0	10
Toronto C	Toronto G	0	10	0	10
Toronto E	UBC B	0	10	0	10
Toronto Metropolitan	Toronto F	0	10	0	10
Waterloo A	McMaster A	0	10	10	20
Toronto D	Western B	0	0	0	0
NYU A	Catholic	10	10	10	30
Columbia A	Rutgers B	0	10	10	20
Columbia B	Columbia C	0	10	0	10
John Jay	Rutgers A	10	10	0	20
Johns Hopkins A	Maryland A	0	10	0	10
Maryland C	Johns Hopkins B	0	10	10	20
Maryland B	NYU C	0	10	0	10
Georgetown	NYU B	0	10	0	10