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.
Colfax is the county seat of Whitman County, Washington, United States. The population was 2,844 at the 2000 census. It is situated amidst wheat-covered hills in a valley at the confluence of the north and south forks of the Palouse River. U.S. Route 195, which forms the town's main street, intersects with State Route 26 at the north end of town; in the past, Colfax also lay at the junction of three railway lines. It was named after Schuyler Colfax, the vice president from 1869-73.