The American Medical Association's restrictions on the number of medical students, difficulties in opening new hospitals, and regulations prohibiting nurses from offering routine medical services are all examples of _____ in the health-care industry.

Question

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These examples illustrate barriers to entry in the health-care industry, as they represent obstacles that prevent new competitors from easily entering the market. Restrictions on the number of medical students limit the supply of new doctors, difficulties in opening new hospitals restrict the expansion of healthcare facilities, and regulations that prohibit nurses from offering routine medical services limit the scope of services that can be provided by non-doctor healthcare professionals.

The American Medical Association's Restrictions on the Number of Medical