What role, if any, can the government or even the private sector play in correcting the positive externality of vaccination against contagious diseases include intext citations: The private sector play in correcting the externality include intext citations: Positive externalities occur when the consumption or production of a good or service benefits a third party. For instance, vaccination against contagious diseases, which not only protects the individual but also those around them. In this case, the economic transaction is the purchase of a vaccine. When a person gets vaccinated, they are not the only one who benefits. The spread of disease is prevented, which benefits society as a whole. Therefore, the vaccine that prevents the spread of disease is an example of a positive externality.

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The Role of Government and Private Sector in Addressing Vaccination Externalities Vaccination against contagious diseases is a classic example of a po... View the full answer