Final answer:
The FTC is not the sole federal agency enforcing antitrust laws; it collaborates with the DOJ. Both agencies work to prevent monopolies and protect consumers from fraud.
Explanation:
False. The Federal Trade Commission (FTC) is not the only federal government agency involved in the enforcement of antitrust laws. It works alongside the U.S. Department of Justice (DOJ) in this capacity.
The FTC, created in 1914, aims to prevent monopolies, unfair business practices, and defend consumers from fraud. Both the FTC and DOJ play crucial roles in investigating firms for illegal business practices under antitrust laws.
Efforts by the FTC and DOJ in enforcing antitrust laws involve significant financial resources, reflecting the importance of maintaining fair competition in the market.
Learn more about Federal Trade Commission (FTC) and antitrust laws here:
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