Have you checked the "product properties" against the parent product? I think its complaining there are some associated deactivated "property" records to the parent product.
The error message from your screenshot says "Parent Product can only be active, deleted or null". So please check if the parent product selected in your product(which you are trying to publish)is active or not. If its inactive, either activate it or change the parent product and then try to publish again.
Hope this helps.
If this helped, kindly please mark this answer as verified as it will help others too who might have same query as yours.
Thanks!
Inogic Professional Services
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Hi, Based on the information you provided, we performed the following tests, but unfortunately, we were unable to reproduce your error.
In addition, according to the search results the error code "0x80040216" is an error that usually indicates an unexpected error. We also searched for information about this error code but did not find a solution to your problem. Would you be willing to provide more information about your problem? For example, a picture, etc. This will help us to better pinpoint the cause of the problem and suggest a more effective solution. If your issue is affecting your business, we recommend that you use the link below to seek technical support from Microsoft. https://admin.powerplatform.microsoft.com/support I hope my answer is helpful to you! If you have any other questions, please feel free to contact me. Best Regards, Rudy Zhang
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