The Federal Trade Commission Act of 1914 is primarily concerned with:
A) deceptive warranties.
B) price-fixing agreements.
C) conspiracies in restraint of trade.
D) mergers which might substantially lessen competition.
E) unfair methods of competition.

Question

Quizplus · Accepted Answer

The Federal Trade Commission Act of 1914 is primarily concerned with unfair methods of competition, including practices that might harm competition, deceive consumers, or unfairly disadvantage competitors. While it also gives the FTC authority to review mergers that might substantially lessen competition, this is just one aspect of the Act's broader concern with promoting fair competition and protecting consumers. The Act also prohibits false advertising, deceptive labeling, and other forms of unfair or deceptive business practices. While price-fixing and conspiracies in restraint of trade are prohibited under the antitrust laws, these typically fall under the purview of the Sherman Act, not the FTC Act specifically.

The Federal Trade Commission Act of 1914 Is Primarily Concerned