Sections 1–6 of this paper deal with the rings ▪ of (generalized) power series over a formally real field F of coefficients and (non-negative) exponents in an arbitrary totally ordered abelian group G. We determine explicitly the nature of the elements constituting the real spectra of these rings, its structure under the partial order of specialization, and the structure of their associated real semigroups (RS). Theorem A is a corollary of these results. Starting with section 7 we introduce a new class of symmetric real semigroups by requiring that their spaces of characters satisfy analogs to some of the basic laws holding in the real spectra of the rings ▪. These spaces have, amongst others, remarkable symmetry properties that justify their name (see 7.16 and 7.17). In §8 we prove that every finite symmetric RS is isomorphic to the RS associated to some ring of formal power series, but that such representation fails, in general, for symmetric RSs of suitably large infinite cardinality. Our study leads to showing, in §10, that the inclusion map G⁎∪{0}↪G of the reduced special group G⁎ of invertible elements of a symmetric RS G has a retract. As a consequence, every symmetric RS, G, is isomorphic to the extension of G⁎ by a 3-semigroup Δ defined in terms of that retract. Extensions of this form are introduced and studied in §9. Finally, in §11 we present a first order axiomatisation of the class of symmetric RSs in the natural language for real semigroups.
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