Which statement is true for multi-party ownership of an asset?

When multiple parties own an asset, YouTube applies each owner's policy only within their specified ownership territories. This means that if you own an asset in certain countries, your chosen monetization or usage policy will only be enforced in those countries. In territories where you do not have ownership, other owners' policies will apply, or if no owner claims that territory, YouTube's default policies may apply. This ensures that each owner's rights and policies are respected within their claimed regions without overriding other owners' policies elsewhere. The other options are incorrect because owners do not need to set the same policy worldwide, YouTube determines policy priority based on ownership and territory, and YouTube always applies a policy, even if it's a default one.