QuestionAugust 9, 2026

Which of the following gave the Federal Trade Commission and the U.S. Justice Department the responsibility to enforce antitrust laws? 1) The Sherman Act 2) The Wheeler-Lea Act 3) The Clayton Act 4) The Federal Trade Commission Act

Which of the following gave the Federal Trade Commission and the U.S. Justice Department the responsibility to enforce antitrust laws? 1) The Sherman Act 2) The Wheeler-Lea Act 3) The Clayton Act 4) The Federal Trade Commission Act
Which of the following gave the Federal Trade Commission and the U.S. Justice
Department the responsibility to enforce antitrust laws?
1) The Sherman Act
2) The Wheeler-Lea Act
3) The Clayton Act
4) The Federal Trade Commission Act

Solution
4.5(326 votes)

Answer

4) The Federal Trade Commission Act Explanation The Sherman Antitrust Act, passed in 1890, began the antitrust movement but primarily outlawed monopolistic practices. However, the enforcement mechanisms and oversight by specific agencies were not outlined. The Federal Trade Commission Act (1914) established the Federal Trade Commission (FTC) to enforce laws related to consumer protection and competition, including antitrust regulations. Furthermore, the Clayton Act (1914) expanded and clarified antitrust provisions, but it was the Federal Trade Commission Act that directly gave responsibility to the FTC to enforce antitrust laws.

Explanation

The Sherman Antitrust Act, passed in 1890, began the antitrust movement but primarily outlawed monopolistic practices. However, the enforcement mechanisms and oversight by specific agencies were not outlined. The Federal Trade Commission Act (1914) established the Federal Trade Commission (FTC) to enforce laws related to consumer protection and competition, including antitrust regulations. Furthermore, the Clayton Act (1914) expanded and clarified antitrust provisions, but it was the Federal Trade Commission Act that directly gave responsibility to the FTC to enforce antitrust laws.<br /><br />
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