Hospitals and Universities Are Very Expensive to Run, Not Only

question 107

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)a barrier to entry.
• B)environmental uncertainty.
• C)unfair competition.
• D)high switching costs.
• E)strategic maneuvering.