It can still earn positive accounting profits after doing


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

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Microeconomics: It can still earn positive accounting profits after doing
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