Answer:
Monopoly.
Explanation:
Monopolistic competition characterizes an industry in which many firms offer products or services that are similar, but not perfect substitutes. Barriers to entry and exit in a monopolistic competitive industry are low, and the decisions of any one firm do not directly affect those of its competitors. Monopolistic competition is closely related to the business strategy of brand differentiation
In the 1800s they used steel plows and other new forms of technology. The Steel Plow was used for farming to break up tough soil without soil getting stuck to it.
The approach which allows the decisions of various eras to result in a long-lasting impact on the present scenario is the historical research approach.
<h3>What is meant by research?</h3>
Research is the process to find out information and knowledge about any topic or concept from every possible source.
Historical research is a qualitative approach that focuses on identifying the events that happened in ancient times and interpreting the facts and reasons for their occurrence. This study helps in analyzing the impacts of past events on the current scenario.
Therefore, the historical research approach is the one that allows us to study the impacts of different eras on the present lives.
Learn more about the research in the related link:
brainly.com/question/18723483
#SPJ1
