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Under practice conditions, Bäckman and Molander (1986) found that both young and older golfers had a slowed heart rate when making a shot. This was only found in young golfers during competition. The slowed heart rate was taken as an indication of:
Price Fixing
An illegal agreement among competitors to set prices at a certain level, rather than letting them fluctuate naturally with market forces.
Industry Tightening
A period where industry competition becomes more intense, often leading to consolidation, increased regulation, or higher barriers to entry.
Monopolistic Competition
A market structure characterized by many competitors selling products that are similar but not identical.
Pure Competition
A market structure characterized by a large number of sellers offering identical products, where no single seller can influence market prices.
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