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What is the coefficient of H2O when the following equation is properly balanced
___ Al4C3 + ___ H2O ___ Al(OH) 3 + ___ CH4
Long-run Equilibrium
A state in which, given enough time for all adjustments to be made, there is no incentive for firms to enter or exit an industry, and prices stabilize.
Marginal Revenue
The extra income a business earns by selling an additional unit of a product or service.
Marginal Cost
The elevated cost associated with manufacturing an additional unit of a product or service.
Competitive Firm
A company that operates in a market where it competes against other firms for market share and customers.
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