Asked by Caitlyn Christy on Jul 15, 2024
Verified
________ established the Federal Trade Commission to investigate "…the organization, business conduct, practices, and management" of companies that engage in interstate commerce.
A) Congress
B) The Supreme Court
C) The Federal Reserve
D) The Treasury Department
Federal Trade Commission
An independent agency of the United States government aimed at preventing anti-competitive, deceptive, and unfair business practices.
Interstate Commerce
The trade, traffic, or transportation of goods, services, or money across state borders within the United States.
- Comprehend the historical background and importance of major statutes in antitrust law.
- Evaluate the differences and similarities among the major antitrust regulations: Sherman Act, Clayton Act, and Federal Trade Commission Act.
Verified Answer
AS
Aimee Sanchez-ToralJul 20, 2024
Final Answer :
A
Explanation :
Congress established the Federal Trade Commission (FTC) in 1914 through the Federal Trade Commission Act. The purpose was to prevent unfair business practices and promote competition.
Learning Objectives
- Comprehend the historical background and importance of major statutes in antitrust law.
- Evaluate the differences and similarities among the major antitrust regulations: Sherman Act, Clayton Act, and Federal Trade Commission Act.