A patent gives a person the ability to earn large amounts of money by selling the item for whatever price the government wants. True or false?

Question

Social Studies

Jasmin Kaiser

22 November, 05:31

A patent gives a person the ability to earn large amounts of money by selling the item for whatever price the government wants. True or false?

+4

Answers (1)

Know the Answer?

Zaniyah Ortega · Answer 1

False.

A patent is issued by the government to get the patent-holder the exclusive right to make, develop, and sell a particular type of product. After the patent is issued, the government has no control over what price the product is issued at.