Consider the Following Equilibrium

question 80

True/False

Consider the following equilibrium:
4NH₃(g) + 3O₂(g) ⇌ 2N₂(g) + 6H₂O(g) + 1531 kJ
The concentrations of the products will increase when the temperature is increased.

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Definitions:

Price Leader

A company that has the dominant influence in setting the price levels for goods or services in a particular market, often because of its significant share of the market.

Entry of Firms

This term refers to the process by which new businesses enter into an industry, contributing to competition and potentially influencing market dynamics.

Price Leadership

A pricing strategy where one dominant firm in an industry sets the price for products or services, and other firms in the market follow suit.

Average Total Cost

The total cost of production divided by the number of units produced, reflecting the cost per unit.