What is the Federal Trade Commission Act?

The video discusses the significance of the Federal Trade Commission (FTC) in antitrust law, highlighting its creation and role in enforcing the Sherman and Clayton Acts. It also addresses the FTC's authority to prevent deceptive or unfair market practices and its foundational impact on limiting anti-competitive activities. The video concludes with a discussion on specific actions that can be taken under the FTC Act.

What significant agency was established by the Federal Trade Commission Act?

• The Department of Justice

• The Federal Trade Commission

• The Consumer Financial Protection Bureau

• The Securities and Exchange Commission

Which acts are primarily enforced by the Federal Trade Commission?

• The Sherman Act and the Clayton Act

• The Dodd-Frank Act and the Sarbanes-Oxley Act

• The Clean Air Act and the Clean Water Act

• The Fair Labor Standards Act and the Occupational Safety and Health Act

What type of market practices does the Federal Trade Commission Act prohibit?

• Labor law violations

• Monopolistic and oligopolistic practices

• Environmental violations

• Deceptive or unfair practices

What is one of the foundational roles of the Federal Trade Commission Act?

• To oversee financial institutions

• To manage public health policies

• To limit anti-competitive activity in the market

• To regulate international trade

Under which act can specific actions be brought against anti-competitive practices?

• The Federal Trade Commission Act

• The Securities Act

• The Environmental Protection Act

• The Banking Act