Which of the following statements is true about competitive inhibitors?

1
 It is a common type of irreversible inhibition
2
In the presence of a competitive inhibitor, the Michaelis-Menten equation becomes
\(V_0 = \frac{V_{\max}[S]}{\alpha K_m + [S]} \)
3
The apparent Km decreases in the presence of inhibitor by a factor α
4
 The maximum velocity for the reaction decreases in the presence of a competitive inhibitor

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