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For the reaction
2A + B → products
the following mechanism is proposed:
A + B M
A + M → products
Assuming that the second step is the rate-determining step and the first step is a fast equilibrium step, determine the rate law. Represent the rate constant in terms of k1, k-1, and k2.
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A situation in which some individuals benefit from resources or services without paying their fair share of the costs, leading to undersupply or overuse.
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A situation in which one party in a transaction has more or better information than the other, often leading to imbalances and inefficiencies in markets, especially insurance.
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