The document discusses enzyme-substrate complexes and competitive inhibition. It describes two models for how enzymes interact with substrates - the lock and key model and induced fit model. It explains that enzymes lower the activation energy for reactions by making the transition state more energetically favorable. Competitive inhibitors bind to the enzyme's active site, preventing substrate binding, which increases the Km but does not affect Vmax. Competitive inhibitors are often structurally similar to the substrate and can be overcome by high substrate concentrations, making the inhibition reversible. Methotrexate is an example of a competitive inhibitor of dihydrofolate reductase.