An entrepreneur has recently approached you 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 you could say to convince the entrepreneur that profits will not necessarily be low?

Question

Quizplus · Accepted Answer

The Answer of An entrepreneur has recently approached you 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 you could say to convince the entrepreneur that profits will not necessarily be low?

An Entrepreneur Has Recently Approached You About Opening a Hospital