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A 3.50-mol sample of HI is placed in a 1.00-L vessel at 460°C,and the reaction system is allowed to come to equilibrium.The HI partially decomposes,forming 0.266 mol H2 and 0.266 mol I2 at equilibrium.What is the equilibrium constant Kc for the following reaction at 460°C? ½ H2(g) + ½ I2(g) HI(g)
Pure Competition
A market structure characterized by a large number of small firms, homogeneous products, and easy entry and exit, leading to price taking behavior.
Long Run
A period in which all inputs can be adjusted by firms, allowing new firms to enter or exit the industry.
Constant-cost Industry
An industry where the input prices and costs of production do not change as the industry output changes.
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A graphical representation showing the relationship between the price of a good and the quantity supplied at those prices.
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