An entrepreneur has recently approached Jenna,an economics student,about opening a hospital in a crowded metropolitan area.The only concern of the entrepreneur is that profits will be reduced because of the existence of many hospitals in the city.Is there anything Jenna could say to convince the entrepreneur that profits will not necessarily be low?

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The Answer of An entrepreneur has recently approached Jenna,an economics student,about opening a hospital in a crowded metropolitan area.The only concern of the entrepreneur is that profits will be reduced because of the existence of many hospitals in the city.Is there anything Jenna could say to convince the entrepreneur that profits will not necessarily be low?

An Entrepreneur Has Recently Approached Jenna,an Economics Student,about Opening a Hospital