What is the main objective of the Federal Trade Commission Act?

The main objective of the Federal Trade Commission Act is to protect consumers from unfair or deceptive practices in commerce. This act established the Federal Trade Commission (FTC), which is empowered to investigate and prevent business practices that are deemed unfair or misleading. This includes deceptive advertising, fraudulent practices, and other unethical business behaviors that could harm consumers or competition.

The FTC's role in promoting fair competition and safeguarding consumer interests is fundamental to ensuring a marketplace where consumers can trust that the products and services they engage with are being offered fairly and honestly. The act aims to maintain healthy competition and prevent monopolistic behaviors, which directly relates to protecting consumer rights and choices.

This focus on consumer protection sets the Federal Trade Commission Act apart from other options, which address issues such as currency establishment or specific industry regulation, but do not primarily center on consumer welfare in commercial transactions. The act serves as a cornerstone in consumer protection laws and regulatory practices in the United States.