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.
Hillsdale is a city in the state of Michigan. As of the 2000 census, the city population was 8,233. It is the county seat of Hillsdale County, and is run as a council-manager government. On November 8, 2005, 18-year-old high school student Michael Sessions, was elected mayor as a write-in candidate, defeating 51-year old incumbent Doug Ingles, and at the time of his election believed to be the youngest mayor in the United States. The city is the home of Hillsdale College, a private liberal arts college noted for its academics and its influence in politics and education. The city is situated mostly within Hillsdale Township, but is a municipality governed independently of the township. Nearby communities include: Allen, Bankers, Cambria, Camden, Frontier, Jerome, Jonesville, Litchfield, Montgomery, Moscow, Mosherville, North Adams, Osseo, Pittsford, Prattville, Ransom, Reading, and Waldron.