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25. This firm is (LO2) a) making a profit of $25 b) making a profit of 0 c) taking a loss of $25 d) taking

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25. This firm is (LO2) a) making a profit of $25 b) making a profit of 0 c) taking a loss of $25 d) taking a loss of $30 e) taking a loss of $50 26. The TV networks in the late 1940s, Microsoft in the 1990s, and Apple, most recently, have all created ecosystems of thousands of dependent firms, while raising a strong barrier to competition, which would best be termed a) economies of scale. b) economies of platform. c) legal barriers. d) control over essential resources. e) required scale for innovation

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