Problem

Source: ISL 2020 A3

Tags: algebra, Inequality, IMO Shortlist, IMO Shortlist 2020, 4-variable inequality, inequalities



Suppose that $a,b,c,d$ are positive real numbers satisfying $(a+c)(b+d)=ac+bd$. Find the smallest possible value of $$\frac{a}{b}+\frac{b}{c}+\frac{c}{d}+\frac{d}{a}.$$Israel