How does the application of intellectual property (IP) rights influence daily commercial gains for inventors or organizations?(1 point)
Responses
It ensures that individuals or firms lose money from their innovations.
It ensures that individuals or firms lose money from their innovations.
It ensures that the market crashes.
It ensures that the market crashes.
It ensures that inventors can no longer oversee their intellectual property.
It ensures that inventors can no longer oversee their intellectual property.
It ensures that individuals or firms profit from their inventions.
It ensures that individuals or firms profit from their inventions.
Correct response: It ensures that individuals or firms profit from their inventions.
By protecting their intellectual property rights, inventors or organizations can prevent others from copying or using their inventions without permission. This allows them to retain control over their innovations and profit from them through licensing agreements, sales, or other forms of commercialization.