Under the Patent Exhaustion Doctrine, When a Patent Owner Sells

question 81

True/False

Under the patent exhaustion doctrine, when a patent owner sells one of its products, she can no longer control that item through the patent laws and the purchaser and all subsequent owners are free to use or resell the product just like any other item of personal property.

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Definitions:

Working Home

The act of performing one’s job duties from one's place of residence rather than in a traditional office environment. Often referred to as "working from home" or "remote work."

Marginal Cost

The increase or decrease in the total cost that arises when the quantity produced is incremented by one unit.

Labor Force

The total number of people who are currently employed or actively seeking employment within an economy.

Opportunity Cost

Represents the value of the best alternative that is foregone when a decision is made to pursue a certain action.