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What is the Federal Trade Commission Act quizlet?

FTC Act of 1914. Established Federal Trade Commission to prevent monopoly and restraint of trade, not protect consumers. Falsehood (Advertising regulation) Unfair or deceptive trade practice (And that misleads in a "material fact" either by commission or omission.)

What is the purpose of the Federal Trade Commission FTC quizlet?

The Federal Trade Commission (FTC) is an independent federal agency whose main goals are to protect consumers and to ensure a strong competitive market by enforcing a variety of consumer protection and antitrust laws.

Why was the Federal Trade Commission created quizlet?

The Federal Trade Commission was established in 1914 to police unfair methods of business competition, but originally focused only on the effects of unfair on business competitors, not upon consumers.

How does the FTC protect consumers quizlet?

The FTC protects consumers by stopping unfair, deceptive or fraudulent practices in the marketplace by conducting investigations, suing companies, and people that violate the law, developing rules to ensure a vibrant marketplace, and educating consumers and businesses about their rights and responsibilities.