Understand the relationship between the equilibrium constant (K), the standard Gibbs free energy change (ΔG°_rxn), and the standard cell potential (E°_cell). The key equations are ΔG°_rxn = -RT ln(K) and ΔG°_rxn = -nFE°_cell, where R is the gas constant, T is the temperature in Kelvin, n is the number of moles of electrons transferred, and F is Faraday's constant.