The Federal Trade Commission Act considers the terms "deceptive" and "unfair" to be synonymous when determining what practices should be prohibited.

Question

Quizplus · Accepted Answer

While both deceptive and unfair practices may be prohibited by the Federal Trade Commission under the FTC Act, the terms are not considered synonymous. Deceptive practices involve misleading consumers through false or misleading statements, while unfair practices involve actions that cause or are likely to cause substantial injury to consumers that cannot be reasonably avoided and are not outweighed by benefits to consumers or competition.

The Federal Trade Commission Act Considers the Terms "Deceptive" and "Unfair