Final answer:
CO₂ is primarily transported in dissolved form in our blood due to its higher solubility in the plasma compared to O₂, which is mainly carried by hemoglobin due to its limited solubility.
Step-by-step explanation:
The reason CO₂ is mostly transported in the dissolved form in our blood rather than O₂ is due to its higher solubility in blood plasma. About 5 to 7 percent of all CO₂ is dissolved in the plasma. Oxygen has a limited solubility in blood plasma and is primarily transported bound to hemoglobin in red blood cells. Although CO₂ can also bind to hemoglobin forming carbaminohemoglobin, the majority of it is transported as bicarbonate ions, following dissolution and a series of chemical reactions within red blood cells.