Which of the Following Is Not One of the Problems

question 66

Multiple Choice

Which of the following is not one of the problems associated with the U.S.penny?

• A) It subjects consumers to a "rounding tax."
• B) Its face value is less than its cost of production.
• C) Its seigniorage is negative.
• D) Inflation has degraded its worth to where it essentially useless.

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Definitions:

Illegal

Activities or actions that are prohibited by law or statute and subject to penalties or sanctions.

Oligopolistic

Pertaining to a market structure characterized by a small number of firms controlling a large portion of the market share.

Market Structure

The organizational and other characteristics of a market that influence the nature of competition and pricing, such as the number of firms, product uniformity, and ease of entry.

Dominant Firms

Companies that possess a major share of the market, exerting significant control or influence over prices, production, or innovation within the industry.