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Final answer:
The FTC acts as a consumer protection agency and promotes competition. It plays a vital role in enforcing laws and advocating for consumer interests.
Explanation:
The Federal Trade Commission (FTC) acts primarily as a consumer protection agency. It is responsible for enforcing consumer protection laws, preventing anticompetitive business practices, and promoting competition in the marketplace.
The FTC is unique as it has jurisdiction over both consumer protection and competition issues in various sectors of the economy. It conducts investigations, sues companies that violate the law, and advocates for consumer interests.
Through its enforcement efforts, educational programs, and policy development, the FTC plays a crucial role in safeguarding consumer rights and fostering fair competition.
Learn more about Federal Trade Commission and Consumer Protection here:
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