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Ftc Fact Sheet: How Competition Works
Ftc Fact Sheet: How Competition Works is a 2-page legal document that was released by the U.S. Federal Trade Commission and used nation-wide.
FAQ
Q: What is the FTC?
A: The FTC stands for the Federal Trade Commission, which is a government agency that promotes competition and consumer protection.
Q: What does the FTC do?
A: The FTC enforces antitrust laws, investigates and stops unfair business practices, and educates consumers about their rights.
Q: Why is competition important?
A: Competition is important because it leads to lower prices, better quality products, and more choices for consumers.
Q: What are some examples of unfair business practices?
A: Unfair business practices can include price fixing, deceptive advertising, and monopolistic behavior.
Q: How does the FTC promote competition?
A: The FTC promotes competition by reviewing mergers and acquisitions, enforcing antitrust laws, and challenging unfair business practices.
Q: How does the FTC protect consumers?
A: The FTC protects consumers by stopping fraudulent and deceptive business practices, providing resources and information to help consumers make informed decisions, and taking legal action against companies that violate consumer protection laws.
Form Details:
- The latest edition currently provided by the U.S. Federal Trade Commission;
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