Faculty pay 500 per year for a parking permit however there


Faculty pay $500 per year for a parking permit, however there are plenty of empty parking places in designated university lots. This suggests that:

1. Parking permits are underpriced.

2. Parking permits are overpriced.

3. Faculty incomes are too high.

4. The university should make faculty parking absolutely free of charge.

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Microeconomics: Faculty pay 500 per year for a parking permit however there
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