Final answer:
The FTC is the primary federal agency enforcing consumer protection laws in the U.S., established in 1914 to prevent monopolies and defend consumers from fraud.
Explanation:
The Federal Trade Commission (FTC) is the main federal agency responsible for enforcing consumer protection laws in the United States. It was established in 1914 to prevent monopolies, unfair business practices, and to defend consumers from fraud and deceptive practices. The FTC has jurisdiction over both consumer protection and competition issues, making it a key player in regulating the economy.
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