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Collusion among firms typically results in higher prices and reduced output levels compared to the competitive equilibrium. This can lead to market inefficiency and consumer welfare losses as prices are artificially inflated. Collusion can also create barriers to entry for new firms and reduce innovation in the market.
What else can I help you with?
How does le chatelier's principle describe an equilibrium's response to a stress?
Le Chatelier's principle states that when a stress is applied to a system at equilibrium, the system will shift in a way that minimizes the effect of that stress. This can involve changes in concentration, pressure, or temperature to restore equilibrium.
Can shifts in equilibrium systems be explained by considering the effect of a disturbance on a separate rates of forward and reverse reactions?
Yes, shifts in equilibrium systems can be explained by considering the effect of a disturbance on the rates of the forward and reverse reactions. When a disturbance occurs, the rates of the forward and reverse reactions can change, causing the system to shift in order to re-establish equilibrium. This shift helps to minimize the effects of the disturbance and restore the system to equilibrium.
What can effect equilibrium shifts?
Changes in concentration, pressure, or temperature can all affect the equilibrium position of a reaction. Adding or removing reactants or products, changing the volume of the container, or altering the temperature can lead to shifts in equilibrium to favor the formation of products or reactants. Additionally, catalysts do not affect the position of equilibrium but can speed up the attainment of equilibrium.
Assuming that the reaction is at equilibrium what effect does the addition of a catalyst have on the equilibruim?
a catalyst lowers the activation energy for both the forward and reverse reaction. however, it does not change the potential energy of the reactants or products. it also does not affect the heat of reaction (delta h)
Does volume effect equilibrium?
Yes, volume can affect equilibrium in a chemical reaction, particularly in gaseous systems. According to Le Chatelier's principle, if the volume of a system is decreased, the equilibrium will shift towards the side with fewer moles of gas to counteract the change. Conversely, increasing the volume will shift the equilibrium toward the side with more moles of gas. This shift helps to maintain the balance of concentrations in the reaction.
What is equilibrium conversion how does it effect design of reactor?
equilibrium conversion is that which is at equilibrium concentration
When was Collusion - EP - created?
Collusion - EP - was created in 2005.
When did Baseball collusion happen?
Baseball collusion happened in 1986.
What is effective action?
The mass action effect is the shift in the position of equilibrium through the addition or removal of a participant in the equilibrium.
Is it true that a change in pressure may affect the equilibrium position but has no effect on the equilibrium constant?
Yes, a change in pressure may affect the equilibrium position by shifting the reaction towards the side with more moles of gas to relieve the pressure change, but it has no effect on the equilibrium constant because the equilibrium constant is determined solely by the reaction's intrinsic properties.
Covert and overt collusion in economics?
Why would you not want any covert collusion in your business
What are the release dates for Collusion - 2011?
Collusion - 2011 was released on: USA: October 2011
How does adding more reactants effect equilibrium?
Le Chatelier's principle says that, when a equilibrium is disturbed by adding or removing one or more of the contents, the system will attain a new equilibrium to minimize its effect. So when reactants are added to the system, some of they will react and give products in order to gain the new equilibrium.
What effect does increasing the pressure have on this equilibrium?
the forwrd reaction is favored
What are some synonyms for conspiracy?
collusion, scheme, plan
What is an antonym for collusion?
Dear questioner: One antonym for collusion is disinterest. Collusion is acting together with dark motives. Disinterest is the attitude of one who has nothing to hide, no ax to grind.
What happens to vehicles in a collusion?
It depends on how big is the collusion but most of the time cars end up wrecked
