The Sherman Act and the Federal Trade Commission Act:
A) were passed to make it difficult for small companies to win customers away from large companies.
B) are not taken seriously, since there are no penalties for violations.
C) are quite different, with the FTC Act focusing on stopping deceptive business practices and the Sherman Act focusing on controlling monopolies.
D) are just different names for the same thing-a law proposed by Sherman to establish the Federal Trade Commission.
E) were passed to protect consumers from abuses by business, rather than to protect some businesses from others who had an "unfair" advantage.

Question

Quizplus · Accepted Answer

The FTC Act focuses on stopping deceptive business practices, while the Sherman Act focuses on controlling monopolies. Both acts were passed to protect consumers from abuses by businesses, rather than to protect specific businesses from others who had an "unfair" advantage. Option A is untrue, as the acts were not intended to make it difficult for small companies to win customers from large companies. Option B is incorrect, as there are penalties for violations of both acts. Option D is false as the Sherman Act and the FTC Act are two separate laws.