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

Abbigail Parsons

13 February, 11:51

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?

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Answers (1)

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Luka Nguyen · 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.