What are joint products?
A)Effects created by the interaction between two states.
B)Goods that are nonexcludable and nonrival in consumption.
C)Goods that are nonexcludable but rival in consumption.
D)When public goods are bundled with private goods.

Question

Quizplus · Accepted Answer

Joint products refer to the situation where public goods are bundled with private goods, allowing the benefits of the public good to be enjoyed alongside the private good.

What Are Joint Products