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.
Schenectady is a city in Schenectady County, New York, United States, of which it is the county seat. As of the 2000 census, the city had a population of 61,821, making it the ninth-largest city in New York. The name "Schenectady" is derived from a Mohawk word for "on that side of the pinery," or "near the pines," or "place beyond the pine plains. " The city of Schenectady is in eastern New York, near the confluence of the Mohawk and Hudson Rivers. It is in the same metropolitan area as the state capital, Albany; Schenectady is about eighteen miles (29 km) northwest of Albany.