Answer:
Monopoly power can harm society by making output lower, prices higher, and innovation less than would be the case in a competitive market. ... This monopoly-power requirement serves as an important screen for evaluating single-firm liability.
The best concise answer to this would be the Louisiana Purchase as it accounts for a large portion of land that is approximately half to a third of the current United States, but at the time more than doubled the size of the country.
Explanation:
History plays an important role of our lives. We are Christians,but what kind of a Christian are you if you dont know history of christianity?We are Americans, but what kind of an American are you if you dont now the proclamations and Boston tea party? We all know how to speak and write english, but what kind of english do you write if you dont know the origins of western Germanic?
What kind if physics do you study if you dont know about isaac newton's childhood.
You see it's all inter-related. You see,History helps us understand change. It records and helps people understand successes and failures. Through these studies people can learn about change and how others are affected by it. It shows patterns of behaviour or events in the past and their outcome which can help us avoid similar outcomes in the future.
In order to understand the importance of the changes that occur in the world,history is really important.
Thank you.Hope it helps you.
