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Federal Trade Commission


Definition

FTC. Federal agency whose purpose is to encourage free enterprise and prevent restraint of trade and monopolies. Many mergers and acquisitions will go through the Federal Trade Commission if there is a concern that the merged company would be too much of a monopolistic force. The agency also protects consumers against deceptive practices such as false advertising or identity theft. The Federal Trade Commission was created in 1914 by the Federal Trade Commission Act.


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