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.
Sedalia is a city located about 30 miles (48 km) south of the Missouri River in Pettis County, Missouri. U.S. Highway 50 and U.S. Highway 65 intersect in the city. As of 2006, the city had a total population of 20,669. It is the county seat of Pettis County. The Sedalia Micropolitan Statistical Area consists of Pettis County. Sedalia is the location of the Missouri State Fair and the Scott Joplin Ragtime Festival.