Question

___ power achieved through patents may be self- sustaining because the profit from one patent can finance the research require to develop new patentable products.

Answer 1

Patents provide inventors with exclusive rights to their inventions for a limited time, allowing them to earn monopoly profits and finance further research and development.

Step-by-step explanation:

Patents provide inventors with the exclusive legal right to make, use, or sell their inventions for a limited time. This exclusive right allows inventors to earn monopoly profits on their products for a specific period, offering an incentive for research and development.

With the profits earned from one patent, an innovative firm can finance further research and development to develop new patentable products, making the self-sustaining cycle possible.