In Bohnsack V

question 327

Multiple Choice

In Bohnsack v. Varco, inventor Bohnsack discussed selling an invention to Varco for it produce but no agreement was reached. Bohnsack later claimed Varco stole the idea and filed for a patent on the idea. He sued Varco for theft of trade secret. The appeals court held that:

• A) a jury could find that Varco knowingly misappropriated a trade secret so owed damages based on the value of the secret
• B) a reasonable jury could not find that Varco knew that the ideas Bahnsack provided were considered trade secrets
• C) even if Varco stole trade secrets, Bahnsack did not show there was any market value in his ideas, so there would be no damages
• D) even if Varco stole trade secrets, the information Bahnsack provided had not been adequately protected so were in the public domain
• E) none of the other choices are correct

Evaluate the effects of external shocks (natural disasters, technological advancements) on market dynamics.

Understand how changes in supply and demand affect market equilibrium prices and quantities.

Analyze the impact of substitutes and complements on market dynamics.

Explain the factors influencing producers’ decisions on quantity supplied.

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Definitions:

Hydraulic Gradient

The slope of the water table or potentiometric surface, indicating the direction and rate of groundwater flow.

Limestone Cave

A natural underground space formed by the dissolution of limestone rock by water.

Water Table

The level below which the ground is saturated with water, marking the boundary between the soil surface and groundwater.

Stalactites

Icicle-shaped formations that hang from the ceiling of a cave, formed by the deposition of minerals from water dripping down.