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 Woods is a city in Orange County, California. The population was 16,507 at the 2000 census with a median age of 78. About 90% of the city consists of Laguna Woods Village, a retirement community, formerly known as Leisure World. Incorporation efforts in the late 1990s were largely driven by the need for residents to have a stronger voice against the prospective construction of an international airport at the nearby decommissioned Marine Corps Air Station El Toro. The airport proposal was ultimately defeated and the land in question has been tabbed for development as the Orange County Great Park.