We report on a study of the physics potential of linear $e^+e^-$ colliders. Although a linear collider (LC) would support a broad physics program, we focus on the contributions that could help elucidate the origin of electroweak symmetry breaking. Many extensions of the standard model have a decoupling limit, with a Higgs boson similar to the standard one and other, higher-mass states. Mindful of such possibilities, we survey the physics of a (nearly) standard Higgs boson, as a function of its mass. We also review how measurements from an LC could help verify several well-motivated extensions of the standard model. For supersymmetry, we compare the strengths of an LC with the LHC. Also, assuming the lightest superpartner explains the missing dark matter in the universe, we examine other places to search for a signal of supersymmetry. We compare the signatures of several scenarios with extra spatial dimensions. We also explore the possibility that the Higgs is a composite, concentrating on models that (unlike technicolor) have a Higgs boson with mass of a few hundred GeV or less. Where appropriate, we mention the importance of high luminosity, for example to measure branching ratios of the Higgs, and the importance of multi-TeV energies, for example to explore the full spectrum of superpartners.
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