Questions

Monopolistic competition is a type of imperfect competition such that many producers sell products that are differentiated from one another (e.g. by branding or quality) and hence are not perfect substitutes.

In other words, large sellers selling the products that are similar, but not identical and compete with each other on other factors besides price.

A bank run occurs when a large number of people withdraw their money from a bank, because they believe the bank may cease to function soon.

A banking panic or bank panic is a financial crisis that occurs when many banks suffer runs at the same time, as people suddenly try to convert their threatened deposits into cash or try to get out of their domestic banking system altogether.

Only H and Br form Polar Covalent Bond.

Covalent bonding:

Covalent bonding occurs when pairs of electrons are shared by atoms. Atoms will covalently bond with other atoms in order to gain more stability, which is gained by forming a full electron shell. By sharing their outer most (valence) electrons, atoms can fill up their outer electron shell and gain stability.

1. Polar Covalent Bond

2. Nonpolar Covalent Bond

1. Polar Covalent Bond:

A Polar Covalent Bond is created when the shared electrons between atoms are not equally shared. This occurs when one atom has a higher electronegativity than the atom it is sharing with. The atom with the higher electronegativity will have a stronger pull for electrons (Similiar to a Tug-O-War game, whoever is stronger usually wins). As a result, the shared electrons will be closer to the atom with the higher electronegativity, making it unequally shared.

2. Nonpolar Covalent Bond:

A Nonpolar Covalent Bond is created when atoms share their electrons equally. This usually occurs when two atoms have similar or the same electron affinity. The closer the values of their electron affinity, the stronger the attraction. This occurs in gas molecules; also known as diatomic elements. Nonpolar covalent bonds have a similar concept as polar covalent bonds; the atom with the higher electronegativity will draw away the electron from the weaker one.

Here H and H and N and N form Non-polar covalent bonds. Na and Br form the ionic bond.