What is the primary role of the Federal Trade Commission (FTC)?

The primary role of the Federal Trade Commission (FTC) is to protect consumers and promote competition. This agency was established to enforce laws that prevent unfair and deceptive business practices and to ensure that markets remain competitive. By doing so, the FTC helps ensure that consumers have access to a variety of products and services at competitive prices, ultimately fostering a healthy economy. This responsibility includes actions against false advertising, fraud, and other practices that could harm consumers. Furthermore, it encourages businesses to operate fairly and competitively without resorting to monopolistic behaviors that could limit consumer choices. In this way, the FTC plays a crucial role in maintaining the integrity of markets and protecting consumer rights.