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The Sherman Act was designed to be a comprehensive charter of economic liberty aimed at preserving free and unfettered competition as the rule of trade. An act to protect trade and commerce against unlawful restraints and monopolies.Elasticity of demand: In a complete monopolistic market, the demand curve for the product is the market demand curve. Monopolizing trade or commerce; unlawful; penalty. In a monopoly market, the seller faces no competition, as he is the sole seller of goods with no close substitute. The term monopoly "power" is used because the country is not a pure monopoly in international markets. The Statutory Basis of a WholeofGovernment Competition Policy. Bates White is a leader in the analysis of conduct related to allegations of monopolization, monopoly maintenance, and other restraints of trade. But those properties are on the "bad" side of the board. Monopolizing trade or commerce; unlawful; penalty.