The Federal Trade Commission Act was written without a specific definition of what constituted "unfair methods of competition" to allow the FTC to determine whether it existed on a case by case basis.

Question

Quizplus · Accepted Answer

The term, unfair methods of competition, was designed by Congress as a flexible concept, the exact meaning of which could evolve on a case-by-case basis. It is generally up to the FTC to determine what business conduct is "unfair."

The Federal Trade Commission Act Was Written Without a Specific