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For a reaction with H = 23 kJ/mol and S =22 J/K•mol,at 2°C,the reaction is:
Competitive Output
The level of production that firms in a perfectly competitive market produce and sell at the market price, where marginal cost equals marginal revenue.
Competitive Price
A pricing strategy where the price of a product or service is set based on the prices charged by competitors.
Tax
A compulsory financial charge or levy imposed by a government on individuals or businesses to fund public expenditures.
External Costs
Costs that are not borne by the parties involved in a transaction but rather by third parties or society as a whole.
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