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.
Pengilly is a small unincorporated community in eastern Itasca County, Minnesota, United States. Located in the northern part of the state, it lies in the Iron Range region at the northern end of Swan Lake. Pengilly is located between Grand Rapids and Hibbing at the junction of U.S. Route 169 and Minnesota State Highway 65.