Examlex
Given the following reactions 2S (s) + 3O2 (g) → 2SO3 (g) ΔH = -790 kJ
S (s) + O2 (g) → SO2(g) ΔH = -297 kJ
The enthalpy of the reaction in which sulfur dioxide is oxidized to sulfur trioxide
2SO2 (g) + O2 (g) → 2SO3 (g)
Is ________ kJ.
Economic Profits
The surplus achieved when total revenue exceeds the total costs, including both explicit and implicit costs.
Accounting Profits
The difference between total revenue and explicit costs, representing the net income of a business according to standard accounting practices.
Competitive Economy
An economic system where businesses operate in a free market, competing for consumers on price, quality, and service.
Barriers to Entry
Factors that prevent or hinder new competitors from easily entering an industry or market, such as high startup costs, strict regulations, or control of key resources.
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