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.
Elwood City is a borough in Beaver and Lawrence counties in the U.S. state of Pennsylvania. Elwood City is 30 miles (48 km) northwest of Pittsburgh and some 8 miles (13 km) south by southeast of New Castle. In the past, Ellwood City sustained many light industries such as steel-tube mills, steel-car works, building-stone and limestone quarries, foundries and machine shops, coal-mining, etc. In 1910, 2,243 people lived in Elwood City, 3,902 lived there in 1910, and 12,329 lived there in 1940. The population was 8,688 at the 2000 census.