Assume that the minimum wage has just been increased by 25


Assume that the minimum wage has just been increased by 25% if a company cannot increase the prices of the products that sells it will absorb the wage increase (and continue operating an employee workers at the higher wage) as long as it can still earn positive economic profits after doing so. is this statement true, false or uncertain?

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Microeconomics: Assume that the minimum wage has just been increased by 25
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