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.
Gray Summit is a census-designated place (CDP) in Franklin County, Missouri, United States. The population was 2,640 at the 2000 census. Also called Gray's Summit, it was founded by Daniel Gray of New York who built a hotel here in 1845. This community was the highest point on the Missouri Pacific Railroad between St. Louis, Missouri and Kansas City, Missouri; a railroad tunnel runs underneath the community. It is located on Interstate 44 and is home to Purina Farms and the Shaw Nature Reserve.