Answer to Question #168928 in Microeconomics for oumama

Question

Explain even though parking meters may yield little or no net revenue they should nevertheless be retained because of the rationing fiction they form

Answer 1

The parking meters help free up parking spaces.They monitor and track the levels within the car parking area notifying people if there are spaces available for parking, saving time and reducing the risk of drivers having to 'circle the car park' looking for a space to park.