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Sophie Black Works as a Computer Programmer for a Software

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Sophie Black works as a computer programmer for a software company.Her boss, Mike Jones, is responsible for developing a new software game for the Wii.After completion of the project, Mike gives all of the team members a free copy of the game without consent from the company.Sophie is a little hesitant and unsure about accepting the game because legally it would be considered ________.


Definitions:

Total Revenue

The total amount of money a firm receives from sales of its products or services.

Perfectly Competitive

A market structure characterized by a large number of small firms, homogeneous products, free entry and exit, and perfect information, leading to an efficient allocation of resources.

Market Price

The ongoing price for acquiring or disposing of goods or services in a market setting.

Profit-Maximizing

The process or strategy employed by firms to determine the level of output and pricing that leads to the highest possible profits.

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