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Textbook Site for:
Fundamentals of Economics , Third Edition
William Boyes, Arizona State University
Michael Melvin, Arizona State University
Internet Exercises And Solutions
Chapter 7: Competition, Cooperation, and the Government


1. The Federal Trade Commission
As mentioned in the textbook, the Federal Trade Commission is one of the most important agencies involved in regulating markets and business practices. Visit the FTCs Plain English Guide to Antitrust Laws at http://www.ftc.gov/bc/compguide/index.htm.

  1. What is the mission or mandate of the FTC?

  2. What agreements among competitors (horizontal agreements) are scrutinized by the FTC?

  3. What is the FTCs first recommendation for promoting competition?





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