The purpose of the Sherman Antitrust Act was to Select one:_______. a. encourage competition by restraining the growth of monopolies. b. standardize the level of competition. c. encourage the growth of large-scale efficiency found in big businesses. d. minimize the inconsistency of multiple dealers of a single product.

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25-01-2020
Business

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The purpose of the Sherman Antitrust Act was to Select one:_______. a. encourage competition by restraining the growth of monopolies. b. standardize the level of competition. c. encourage the growth of large-scale efficiency found in big businesses. d. minimize the inconsistency of multiple dealers of a single product.

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Answer:

Option "A" is the correct answer to the following statement.

Explanation:

The Sherman Antitrust Act sought to encourage competition by limiting monopoly production.

The act safeguards competition and markets against unreasonable limitations and monopolies.

The legislation seeks to prevent artificial price spikes by limiting trade or production. "Innocent monopoly" is completely legal, or monopoly gained merely by merit, but actions by a monopolist to deliberately maintain that privilege, or nefarious dealings to establish a monopoly, are not.