As shown in Table 9.3, average hospital cost per patient day is the lowest for hospitals with 50 to 99 beds is continuously increasing as hospital size increases beyond that point, and is the highest for hospitals with 500 beds or more. Explain how is this possible in a highly competitive hospital environment? How can such large hospitals (500 beds or more) still stay in business? Discuss.

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The Answer of As shown in Table 9.3, average hospital cost per patient day is the lowest for hospitals with 50 to 99 beds is continuously increasing as hospital size increases beyond that point, and is the highest for hospitals with 500 beds or more. Explain how is this possible in a highly competitive hospital environment? How can such large hospitals (500 beds or more) still stay in business? Discuss.

As Shown in Table 9