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The equilibrium constant, Kp , for the reaction CO(g) + H2O(g) CO2(g) + H2(g)
At 986°C is 0.63. A rigid cylinder at that temperature contains 1.2 atm of carbon monoxide, 0.20 atm of water vapor, 0.30 atm of carbon dioxide, and 0.27 atm of hydrogen. Is the system at equilibrium?
Government Licensing
The requirement of official permission or a permit from a government authority to legally perform certain activities, operate a business, or practice a profession.
Competitive Market
A market structure characterized by a large number of sellers and buyers, where no single entity has the power to influence prices significantly.
Market Failure
Market failure occurs when the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.
Economic Efficiency
A situation in which resources are used in a way that maximizes the production of goods and services at the lowest cost.
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