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Who are the main federal entities responsible for regulating competition in the United States?

  • Economy -> Economic Policies and Regulations

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Who are the main federal entities responsible for regulating competition in the United States?

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Narcissus Huquet

The main federal entities responsible for regulating competition in the United States are the Federal Trade Commission (FTC) and the Antitrust Division of the Department of Justice (DOJ).

These entities make sure that companies don't act unfairly towards each other and that they don't harm consumers. They also prevent companies from becoming too powerful and taking over their competitors.

The FTC investigates any unfair or deceptive trade practices by companies and can sue them if they break the rules. The DOJ's Antitrust Division focuses on enforcing antitrust laws that prevent companies from colluding or merging in a way that harms competition.

Overall, these federal entities work to ensure that American consumers have a fair and competitive market to choose from when making their purchases.

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