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.
Portsmouth is an independent city located in the Hampton Roads metropolitan areas of the U.S. Commonwealth of Virginia. As of the 2000 census, the city had a total population of 100,565, and a 2008 Census estimate showed the city's population had slightly increased to 100,577.