Which of the following statements is FALSE?
When K << 1, the reverse reaction is favored and the forward reaction does not proceed to a great extent.
K >> 1 implies that the reaction is very fast at producing products.
When K ≈ 1, neither the forward or reverse reaction is strongly favored, and about the same amount of reactants and products exist at equilibrium.
When K >> 1, the forward reaction is favored and essentially goes to completion.
None of the above.