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Methanol can be synthesized by combining carbon monoxide and hydrogen. CO(g) + 2H2(g) CH3OH(g) H°rxn = -90.7 kJ
A reaction vessel contains these compounds at equilibrium. What effect will be seen when equilibrium is re-established after decreasing the temperature by 45°C?
Natural Monopolies
Natural monopolies occur in industries where the costs of production are lowest when a single firm supplies all the output, such as utilities companies.
Welfare Loss
The decrease in economic efficiency that occurs when the optimal allocation of resources is not achieved, leading to a loss of total welfare.
Unregulated Monopoly
A market condition where a single company or entity exclusively controls a particular industry or service without any governmental restrictions or oversight.
Pure Competition
A market structure characterized by a large number of small firms producing an identical product in an industry (market area) that permits complete freedom of entry and exit. Also called price-taker markets.
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