It is generally more expensive for hospital managers to make adjustments in the existing outlay of costs when they have more time to do so, i.e. in the long run, rather than in the short-run.

Question

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In the long run, hospital managers often have more flexibility to adjust and optimize the outlay of costs, such as through renegotiating contracts, investing in more efficient technologies, or redesigning processes for better efficiency, which can lead to cost savings. In the short run, options are usually more limited and might involve higher costs due to the urgency and fewer alternatives.

It Is Generally More Expensive for Hospital Managers to Make