Antitrust and Trade Regulation laws aim to promote free competition in the marketplace. Agreements or cooperative efforts by two or more entities that affects or restrains competitors is illegal under these laws. The Sherman Act makes illegal any contract, combination, or conspiracy in restraint of trade or commerce and makes monopolies and attempts, combinations, or conspiracies to monopolize illegal. The Clayton Act regulate price discrimination, tying and exclusive dealing contracts, stock acquisition and interlocking directorates.
Prudhoe Bay is a census-designated place (CDP) located in North Slope Borough in the U.S. state of Alaska. As of the 2000 census, the population of the CDP was 5 people; however, at any given time several thousand transient workers support the Prudhoe Bay oil field. The airport, lodging, and general store are located at Deadhorse; the rigs and processing facilities are located on scattered gravel pads laid atop the tundra. It is only during winter that the surface is hard enough to support heavy equipment and new construction happens at that time. Prudhoe Bay is the unofficial northern terminus of the Pan-American Highway. A few tourists, arriving by bus after a two-day ride up the Dalton Highway from Fairbanks, come to see the tundra, the Arctic Ocean, and the midnight sun, staying in lodgings assembled from modular buildings. Prudhoe Bay was named in 1826 by British explorer Sir John Franklin after his classmate Captain Algernon Percy, Baron Prudhoe.