The Wikipedia page on exponentiation suggests that the following identity holds provided the base $b$ is non-zero:
$$(b^m)^n = b^{mn}$$
Consider the following function:
$$y = (x^2)^{0.5}$$
According to the identity above the following should hold:
$$y = (x^2)^{0.5} = x^1$$
However consider the plots of the two functions:
The functions are equal for $x \geq 0$ however for $x < 0$ there is a discrepancy. Could you comment on the use of exponentiation rules? Are there other circumstances that similar discrepancies can be found when applying exponentiation rules?