Which of the following best describes the FTC's primary responsibility?

The primary responsibility of the Federal Trade Commission (FTC) is to protect consumers from deceptive and unfair practices. This includes regulating advertising, preventing misleading claims, and addressing fraudulent business practices that could harm consumers. The FTC enforces laws that ensure fair competition and consumer protection, providing a safeguard for individuals against unscrupulous business conduct.

By focusing on the welfare of consumers, the FTC plays a crucial role in maintaining trust in the marketplace. It also empowers consumers by promoting transparency and fairness, which leads to informed decision-making regarding purchases and services. The agency works to ensure that companies abide by ethical standards and that consumers are shielded from fraud, scams, and misleading information.

While promoting business competition is also within the FTC's purview, the core focus remains on consumer protection, distinguishing it from other regulatory functions such as overseeing government contracts or managing employee benefits. The latter areas fall under different agencies and frameworks, thereby reinforcing the FTC's specialized role in safeguarding consumers.