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Read the following to prepare for this week:
· Survey of Economics, Chapter 10: Imperfect Information, External Benefits, and External Costs
Watch the following video(s), which you can access in the Weekly Media object or by clicking on the link(s) below: and answer the question.
MIT OpenCourseWare video lecture series, “Uncertainty”
12.3 Test your Knowledge (Question):
Q1 Discuss why do wages differ across occupations?