Asked by Azriel Gamez on Apr 29, 2024

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Which of the following gave the Federal Trade Commission responsibility to protect the public against false and misleading advertising?

A) Celler-Kefauver Act of 1950.
B) Wheeler-Lea Act of 1938.
C) Clayton Act of 1914.
D) Sherman Act of 1890.

Federal Trade Commission

A federal agency established to promote consumer protection and the elimination and prevention of anticompetitive business practices.

Wheeler-Lea Act

A United States law that amended the Federal Trade Commission Act to prohibit unfair or deceptive acts in commerce.

Misleading Advertising

Advertising that deceives or misleads consumers, either intentionally or unintentionally, about the characteristics, benefits, or prices of a product or service.

  • Determine the functions and roles that the Federal Trade Commission (FTC) and the Department of Justice play in upholding antitrust laws.
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CB
Crystal BernerMay 01, 2024
Final Answer :
B
Explanation :
The Wheeler-Lea Act of 1938 gave the Federal Trade Commission responsibility to protect the public against false and misleading advertising. The Celler-Kefauver Act of 1950 addressed antitrust concerns related to mergers and acquisitions, the Clayton Act of 1914 addressed antitrust concerns related to monopolies, and the Sherman Act of 1890 prohibited certain business practices that restrict competition.