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.
Torrance is a city located in the South Bay (southwestern) region of Los Angeles County, California, United States. Torrance's 1.5 miles of beach coastline is less well-known than those of its immediate neighbors to the North, Redondo Beach, or to the South, Palos Verdes Estates. As of the 2009 California Population Estimate, the city's population was 149,111; the eighth largest city in Los Angeles County and the 35th largest in the state of California. Incorporated in 1921, Torrance enjoys a moderate year-round climate with warm temperatures, sea breezes, low humidity and an average rainfall of 12.55 inches per year. This residential city has 90,000 street trees.