What is the Federal Trade Commission?
What will be an ideal response?
The Federal Trade Commission (FTC) is a federal regulatory group created by Congress in 1914 to investigate the structure and behavior of firms engaging in interstate commerce, to determine what constitutes unlawful "unfair" behavior, and to issue cease-and-desist orders to those found in violation of antitrust law.
Economics
You might also like to view...
An agreement among firms to charge the same price or otherwise not to compete is called
A) a payoff matrix. B) a subgame-perfect equilibrium. C) collusion. D) a Nash equilibrium.
Economics
A surplus exists in a market if a. there is an excess demand for the good
b. quantity demanded exceeds quantity supplied. c. the current price is above its equilibrium price. d. All of the above are correct.
Economics