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Final answer:
William and Mary accepting Parliament's limitation on the monarchy's power led to the foundation of a constitutional monarchy, affirming Parliament's supremacy and confirming the monarch's position as first among equals.
Explanation:
The significance of William and Mary accepting Parliament's limitation on the monarchy's power laid the foundation for a constitutional monarchy. By agreeing to Parliament's supremacy over government, they set a precedent for the balance of power between the crown and legislative body. This action confirmed that the monarch was first among equals as they had to adhere to Parliament's decisions.
Learn more about British Constitutional History here:
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