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.
Waverly is a small city in Morgan County, Illinois, United States. The population was 1,346 at the 2000 census. It is part of the Jacksonville Micropolitan Statistical Area. The two largest events in Waverly each year are the Waverly Holiday Basketball Tournament and the Old Fashioned Picnic. The Holiday Tournament is an invitational tournament held between Christmas and New Years. The Waverly Old Fashioned Picnic is held in late August, and includes music, games, food, carnival rides,the teen dance, the firemen games and most notably the bumpy wagon.