Which of the following established the Federal Trade Commission,giving it the authority to enforce laws aimed at prohibiting unfair methods of competition?
A)the Wheeler-Lea Act
B)the Federal Trade Commission Act
C)the Robinson-Patman Act
D)the Sherman Antitrust Act
E)the Clayton Antitrust Act

Question

Quizplus · Accepted Answer

The Federal Trade Commission was established by the Federal Trade Commission Act in 1914, which gave it the authority to enforce laws aimed at prohibiting unfair methods of competition. The Wheeler-Lea Act of 1938 further strengthened the FTC's powers to regulate deceptive advertising. The Robinson-Patman Act of 1936 and the Clayton Antitrust Act of 1914 also aimed at regulating unfair business practices, but they did not establish the FTC as an independent agency. The Sherman Antitrust Act of 1890 was the first federal legislation to prohibit monopolies and other anticompetitive business practices, but it did not create the FTC as an enforcement agency.

Which of the Following Established the Federal Trade Commission,giving It