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Dr. Evil's "Rate My Professor" rating keeps getting higher, even though he tries to keep it as low as possible (he was down to 0.2!) He decides he must be getting nicer in his old age and to be meaner than ever to his statistics students this year! The change in Dr. Evil's ratings are most likely due to
Natural Monopoly
A scenario in which a single company is able to offer a product or service more cheaply than any possible rivals, usually as a result of benefiting from the economies of scale.
Profit-Maximizing
Profit-maximizing is the process or strategy employed by businesses to adjust their production and sale operations to achieve the highest possible profit.
Firm
A business organization, such as a corporation, partnership, or sole proprietorship, engaged in commercial, industrial, or professional activities.
Operating
The act of conducting business or maintaining functions within an organization or system.
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