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.
Lakewood is a city in Los Angeles County, California, United States. The population was 79,345 at the 2000 census. It is bordered by Long Beach on the west and south, Bellflower on the north, Cerritos on the northeast, Cypress on the east, and Hawaiian Gardens on the southeast. Major thoroughfares include Lakewood, Bellflower, and Del Amo Boulevards and Carson and South Streets. The San Gabriel River Freeway runs through the city's eastern regions. Sometimes called "an instant city" because of its origins—going from lima bean fields in 1950 to a well-developed city by 1960—Lakewood is, along with Levittown, New York, the archetypal post-World War II American suburb. The vast majority of its housing stock is small, mass-produced single-story houses on tree-lined streets, sold initially to World War II and Korean War veterans who worked in the aerospace factories of Long Beach and the South Bay.