Hospitals and Universities Are Very Expensive to Run Not Only

question 104

Multiple Choice

Hospitals and universities are very expensive to run not only due to the capital equipment that is required for each, but also due to the personnel such as specialized medical doctors and researchers. The cost of these types of institutions is an example of

• A) Enhancing barriers to entry.
• B) Eliminating protectionism.
• C) Unfair competition.
• D) Enhancing trade protectionism.
• E) Eliminating barriers to entry.

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