Step 1: Analyze the equilibrium expression.
The equilibrium constant for the dissociation of iodine is given by:
\[
K_c = \frac{[ \text{I} ]^2}{[ \text{I}_2 ]}
\]
Since \( K_c \) is very small, this means that most of the iodine remains in the molecular form, and the concentration of \( \text{I}_2 \) will be greater than that of \( \text{I} \).
Step 2: Conclusion.
At equilibrium, the concentration of \( \text{I}_2 \) will be less than that of \( \text{I} \).
Final Answer:
\[
\boxed{[ \text{I}_2 (g) ] < [ \text{I} (g) ]}
\]