When a seller expects the price of its product to decrease in the future, the seller's supply curve shifts left now

If a firm that repairs both motorcycles and cars is able to do so at a lower cost than a firm that does only one or the other, this would be an example of

A) economies of scope. B) economies of scale. C) monitoring. D) increasing transactions costs.

An external benefit is a benefit from an activity that falls on a third party who is not a party to the activity

a. True b. False