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.
New Bedford is a city in Bristol County, Massachusetts, United States, located 51 miles (82 kilometers) south of Boston, 28 miles (45 kilometers) southeast of Providence, Rhode Island, and about 12 miles (19 kilometers) east of Fall River. As of the 2000 census, the city had a total population of 93,768, and an estimated 2008 population of 91,365, making it the seventh-largest city in Massachusetts. New Bedford is nicknamed "The Whaling City" because it was, during the nineteenth century, one of the most important whaling ports in the world. The city, along with Fall River and Taunton, is one of three cities on the south coast of Massachusetts.