Oh for sure. Why are movies scattered all over oblivion? Because there's no simple marketplace for licensing movies, it's a closed market that requires doing lots of behind-the-scenes deals. Healthcare? Only specific providers can make medical equipment, tons of red tape, opaque billing structures, insurance locked out in weird ways, etc.
To understand how healthy a market is, ask 'how easily could a brand new startup innovate in this area'. If the answer is 'not easy at all' - then that thing is going to be expensive, rent seeking, and actively distorting incentives to make itself more money.
To understand how healthy a market is, ask 'how easily could a brand new startup innovate in this area'. If the answer is 'not easy at all' - then that thing is going to be expensive, rent seeking, and actively distorting incentives to make itself more money.