Asked by Frank sweet II on May 29, 2024

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If most companies within one industry are using the same unfair or deceptive practices, how can the Federal Trade Commission protect consumers?

Unfair Practices

Acts or behaviors considered to be unjust, deceptive, or harmful to consumers or business competition.

Federal Trade Commission

The Federal Trade Commission (FTC) is a U.S. federal agency tasked with consumer protection and the prevention of anti-competitive business practices.

Consumer Protection

refers to laws and regulations designed to ensure the rights of consumers as well as fair trade, competition, and accurate information in the marketplace.

  • Identify the duties and obligations of the Federal Trade Commission (FTC) in implementing laws that protect consumers.
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SF
Sophia FrancisMay 29, 2024
Final Answer :
When most companies within one industry are using the same unfair or deceptive practices, bringing actions against all of the companies would be costly and time-consuming. An alternative method of addressing the practices is through trade regulation rules. If the Federal Trade Commission finds that deception is pervasive in an industry, the Federal Trade Commission can recommend rule making. An administrative rule has the effect of law. Furthermore, the Federal Trade Commission can bring legal action against those who violate Federal Trade Commission rules.