what role does the federal trade commission (ftc) play in the us economy?\nit works to prevent monopolies…
what role does the federal trade commission (ftc) play in the us economy?\nit works to prevent monopolies and unfair business practices.\nit helps establish market prices for all us goods and services.\nit takes the place of the supreme court in cases involving trade.\nit increases competition by encouraging companies to merge.
Answer
Brief Explanations:
The Federal Trade Commission (FTC) is a regulatory agency in the US. Its main role is to safeguard consumers and promote competition by preventing monopolies and unfair business practices like false advertising and anti - competitive behavior. It doesn't set market prices for all goods and services, doesn't replace the Supreme Court in trade cases, and doesn't encourage company mergers to increase competition (mergers can sometimes reduce competition).
Answer:
It works to prevent monopolies and unfair business practices.