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.
Lebec is an unincorporated area in Kern County, California. It is one of the Mountain Communities of the Tejon Pass, and the home of the Tejon Ranch Company. Lebec is 40 miles (64 km) south of Bakersfield The population was 1,224 at the 2000 census.