Which of the following statements is true for the Federal Trade Commission Act of 1914?
A) It limits the Federal Trade Commission (FTC) to equitable remedies.
B) The Act provides criminal penalties to those whose violate it.
C) It provides that unfair or deceptive practices are subject to criminal penalties.
D) It only covers monopolization cases and declares them unlawful.

Question

Quizplus · Accepted Answer

Section 5 of the Federal Trade Commission Act (FTC) of 1914 (amended in 1938 and 1975) provides that "unfair methods of competition in or affecting commerce and unfair or deceptive acts or practices in or affecting commerce are hereby declared unlawful." The Act provides no criminal penalties and limits the FTC to equitable remedies.

Which of the Following Statements Is True for the Federal