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.

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.

The business cycle is the periodic but irregular up-and-down movement in economic activity, measured by fluctuations in real gross domestic product (gdp) and other macroeconomic variables. a business cycle is typically characterized by four phases—recession, recovery, growth, and decline—that repeat themselves over time. economists note, however, that complete business cycles vary in length. the duration of business cycles can be anywhere from about two to twelve years, with most cycles averaging six years in length. some business analysts use the business cycle model and terminology to study and explain fluctuations in business inventory and other individual elements of corporate operations. but the term "business cycle" is still primarily associated with larger (industry-wide, regional, national, or even international) business trends.