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Using the following standard reduction potentials,
Fe3+(aq) + e- → Fe2+(aq) E° = +0.77 V
Ni2+(aq) + 2 e- → Ni(s) E° = -0.23 V
Calculate the standard cell potential for the galvanic cell reaction given below and determine whether or not this reaction is spontaneous under standard conditions.
Ni2+(aq) + 2 Fe2+(aq) → 2 Fe3+(aq) + Ni(s)
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A situation in which asymmetric information results in high-risk individuals being more likely than low-risk individuals to acquire insurance or another financial product, leading to market inefficiency.
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Failing to meet the legal obligations of a loan, typically by not making the required payments.
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A situation in markets where buyers and sellers have asymmetric information, leading potentially to a selection of undesirable outcomes, such as in insurance markets where those most likely to need coverage are also most likely to purchase it.
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