Problem

Source: Kyiv City MO 2022 Round 2, Problem 10.1

Tags: algebra, inequalities, Ukraine



Positive reals $x, y, z$ satisfy $$\frac{xy+1}{x+1} = \frac{yz+1}{y+1} = \frac{zx+1}{z+1}$$ Do they all have to be equal? (Proposed by Oleksii Masalitin)