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.
Schoolcraft is a village in Kalamazoo County in the U.S. state of Michigan. The village is located in Schoolcraft Township approximately 13 miles (21 km) south of Kalamazoo on U.S. Route 131. The population was 1,587 at the 2000 census. The village is named in honor of geographer, geologist, and ethnologist Henry Schoolcraft.