Conclusion Establishing competitive markets with low market concentration is an effective way of enhancing overall hospital efficiency.

结论建立低市场集中度的竞争市场是提高整体医院效率的有效途径。

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At the same time, the existing defects of IPO mechanism, which result in low efficiency and weak market power are the reasons why the reputation mechanism is yet to take into full effect.

同时，IPO市场上监管制度的缺陷以及由此导致的监管效率低下、市场约束机制弱化，是阻碍承销商声誉阶段性推进的主要原因。

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On the contrary, if there are high barriers to entry and low contestability, incumbents will always abuse their market power and incur some kinds of efficiency losses.

如果市场进入壁垒很高，市场可竞争程度很低，在位厂商可以免受竞争的压力，因而往往滥用市场势力，造成种种效率损失。

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Because of their low cost structure, tax efficiency and ability to access hard-to-reach areas of the market, investors have taken a strong liking to these vehicles.

FORBES: ETFs For Turbulent Times