You're right to separate those products, and that the high paid, permanent positions go to researchers. This contributes to the information imbalance in the ed

You're right to separate those products, and that the high paid, permanent positions go to researchers. This contributes to the information imbalance in the education side of the market because universities trade on the reputation of professors who barely teach to attract undergrads who pay heavily for classes taught by adjuncts. The choice to isolate these functions without clarifying the education proposition isn't a market equilibrium, it's a choice by universities to optimize their information advantage.