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.
Laguna Beach is a seaside resort and artist community located in southern Orange County, California, approximately 24 miles (39 km) southeast of the county seat of Santa Ana. Its population was 23,727 at the 2000 census. It is known for having some of the most beautiful beaches in southern California. The city is also known for its hotels, unique shops, restaurants, world famous art galleries, and art festivals. Several movies and TV shows have been filmed there.