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Federal Trade Commission

ftc business prevent

Federal Trade Commission (FTC), U.S. agency established (1914) to prevent unfair business practices, particularly monopolies, and to maintain a competitive economy. The FTC studies the effects of business mergers and price agreements, issuing cease and desist orders when necessary; it also attempts to prevent misleading advertising and to protect public health. Its 5 commissions are appointed by the president for 7-year terms.

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