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.
Whiting is a city in Lake County, Indiana, United States, incorporated in 1869. Whiting is located on the southern shore of Lake Michigan and is nicknamed the "Little City on the Lake". It is about 16 miles from the Chicago Loop and just short of two miles from Chicago's South Side. Whiting is also home to Whiting Refinery, the largest oil refinery in the Midwest. The population was 5,137 at the 2000 census.