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Universities are able to act as monopsonists in the market for professors because
Application Letter
A written document submitted with a job application explaining the applicant's credentials and interest in the open position.
Supply Chain
A supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer.
Pricing Analyst
A professional responsible for evaluating market data, costs, and other factors to determine optimal pricing strategies for products or services.
Job Interview
A formal meeting in which an employer evaluates a job applicant's qualifications and suitability for a position.
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