The barriers to entry in the Chicago hospital market are

large, due to state regulatory restrictions and the capital-intensive nature of hospitals.

small, since anyone can open a new hospital.

nonexistent.

Who are the buyers (customers) in the Chicago area hospital market (select all that apply)?

patients

cities

insurance companies

physicians who write referrals

The suppliers to the chicago-area hospital market are (select al that apply):

doctors

nurses

drugs

medical equipment