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.
Floodwood is a city in St. Louis County, Minnesota, United States. The population was 503 at the 2000 census. Originally a logging community, it was a dairy community for most of it history, but could now be best described as a bedroom community, since most of its working population finds employ in nearby Duluth, Grand Rapids, Hibbing and Cloquet. The city describes itself as "The Catfish Capital of the World", a nickname it gave to itself following the introduction of the community's annual Catfish Days festival. U.S. Highway 2 and State Highway 73 are two of the main arterial routes in the city.