Types of Supply Assignment Help

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Types of Supply:

a) Joint Supply

Products have joint supply when the supply of one product is in association of the supply of other products. The other goods are seen as by-products of the main product supplied. Examples are beef and hide (leather), oil and petrol, gas and coke.

b) Competitive Supply

This entails the supply of goods/services which can most easily be produced with the resources at the firm's disposal.

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