There is a stated physician shortage in the US. There is also a maldistribution of physicians by specialty and practice location. Rural communities struggle to recruit and retain physicians despite the availability of economic incentives. It is a practice by most medical training programs to set limits on the number of available positions for residency training in many specialties (Ortho, ENT, etc.) How do Kenneth Arrow's insights on supply and demand apply to this situation? Do you think that traditional market theories of competition apply in the health care industry as in other industies? If so, why? If not why not? This is the third discussion question of the week