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.
Shepherd is a census-designated place (CDP) in Yellowstone County, Montana, United States. The population was 193 at the 2000 census. Shepherd is a Billings suburb located to the northeast. The unincorporated town was named after R.E. Shepherd, a prominent early settler and owner of the Billings Land and Irrigation Company and the Merchants National Bank.