Hatfield and Her Colleagues (1966) Matched University of Minnesota Freshmen

question 21

Multiple Choice

Hatfield and her colleagues (1966) matched University of Minnesota freshmen for a Welcome Week dance. When the students were asked to evaluate their dates, what determined whether they liked each other?

• A) similarity of values
• B) similarity of academic competence
• C) physical attractiveness
• D) common family background

---

Definitions:

Collusion

Agreement among firms to avoid various competitive practices, particularly price reductions. It may involve either formal agreements or merely tacit recognition that competitive practices will be self-defeating in the long run. Tacit collusion is difficult to detect. In the United States, antitrust laws prohibit collusion and conspiracies to restrain trade.

Cooperative Actions

Efforts or operations undertaken cooperatively by two or more parties, often aimed at achieving a common goal.

At the Expense of Buyers

A situation where actions or policies favor sellers or another party, leading to disadvantages or costs for buyers.

Cartel Agreement

An agreement among competing firms to control prices or output in a particular market, often resulting in higher prices.