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A reaction was found to be second order in carbon monoxide concentration. The rate of the reaction If the [CO] is doubled, with everything else kept the same.
Second Unit
An additional or backup unit or system that serves as a replacement or supplement to the original.
Price-Searcher Markets
Markets where sellers have some discretion over the price of their products due to a lack of perfect competition.
Price-Taker Markets
Markets where individual firms have no control over the price of their products, due to perfect competition and homogeneous products.
Economic Profits
The difference between a firm's total revenue and all costs, including both explicit and implicit costs, representing the excess over the opportunity cost.
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