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How the positive externality can be internalized

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Question 1: What is a positive externality? Construct a graph for the market for vaccine shots showing the market price and quantity.

Question 2: Explain how third parties are benefiting from those who consume vaccine shots and how the positive externality can be internalized. Draw into the graph the appropriate shift of the demand curve which will remedy the positive externality.

Reference no: EM132875556

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