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A firm that has market power
Tenured College Professor
A faculty member whose position is permanently secured, usually after a probationary period, protecting them from arbitrary dismissal.
Comparable Worth
The concept that jobs requiring comparable skills, effort, responsibility, and working conditions should be paid equally.
Minimum Wage
The lowest remuneration that employers can legally pay their workers, established by government law.
Hazardous Occupations
Jobs or professions that involve a high risk of physical injury or health hazards to the employees performing them.
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