Ken Parsons Just Took a Job with EBay

question 31

Multiple Choice

Ken Parsons just took a job with eBay. As part of his employment contract, Ken signed an agreement that states that he will not disclose any of eBay's trade secrets. The agreement that Ken signed is called a:

• A) nondisclosure agreement
• B) non breach-of-trust agreement
• C) ethics agreement
• D) binding confidentiality agreement
• E) legitimacy agreement

---

Definitions:

Perfectly Elastic

A situation in economic theory where a small change in price leads to an infinite change in quantity demanded or supplied.

Marginal Revenue

The additional income that is gained from selling one more unit of a product or service.

Monopoly's Product

A unique product or service without close substitutes, offered by a monopolist who faces no competition.

Profit-Maximizing

Refers to strategies or decisions taken by a company to maximize its profits by increasing revenue, reducing costs, or both.