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What Changes Did Progressivism Bring to America? How Was America

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What changes did progressivism bring to America? How was America different in 1920 from what it had been in 1900 because of progressivism?


Definitions:

Natural Monopoly

A market condition in which a single supplier is more efficient in producing the product than any other potential producers due to high fixed or startup costs.

Electricity

A form of energy resulting from the existence of charged particles, used as a power source.

Profit-Maximizing Quantity

The production level where a firm reaches its maximum profit.

Monopoly Model

An economic model describing a market structure where a single seller controls the entire market supply, setting prices without competition.

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