Non-Compete Agreements Drafted for Employees of Internet Companies

question 58

Multiple Choice

Non-compete agreements drafted for employees of Internet companies:

• A)are no different in enforceability than non-compete agreements for other types of companies.
• B)are subject to smaller geographic restrictions than for other types of companies.
• C)have been held subject to larger geographic restrictions than for other types of companies.
• D)have not yet been the subject of litigation.

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Definitions:

MR = MC

A condition in economics where marginal revenue equals marginal cost, often used to determine the optimal level of production and pricing for firms.

Minimizes Losses

Strategies or actions taken to reduce the amount of money or resources that are wasted or not profitably used.

AVC

Average Variable Cost refers to the total of all variable expenses incurred, divided by the total number of units produced.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs, representing the total financial gain of a business.