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.
Faucett is an unincorporated community in southern Buchanan County, Missouri. It is located sixteen miles north of Platte City on Interstate 29/U.S. Route 71. The community is part of the St. Joseph, MO–KS Metropolitan Statistical Area.