The Formula for the Chlorate Ion Is ClO₃⁻

question 102

Multiple Choice

The formula for the chlorate ion is ClO₃⁻. What is the formula for the perchlorate ion?

• A)ClO₄^-
• B)ClO₂^-
• C)ClO^-
• D)ClO₃^2-
• E)PClO₃^-

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Definitions:

Competitive Industry

Competitive industries are characterized by three factors: (1) firms produce a product or service with very close substitutes meaning demand is very elastic, (2) firms have many rivals and no cost advantage over those rivals, and (3) the industry has no barriers to entry or exit.

Market Demand

The total volume of goods or services that consumers in a specific market are willing and able to purchase at different price levels.

Market Equilibrium

A state in which market supply and demand balance each other, and, as a result, prices become stable.

Competitive Industry

A sector characterized by many participants striving to offer better products or services than their rivals.