Two large cell phone carriers wish to merge into a single company. Which regulatory agency will review the merger and determine if the two companies can combine?

A) FDA

B) SEC

C) FTC

D) CFPB

Answer

FTC

Explanation

Federal Trade Commission (FTC) is an independent agency that aims to protect consumers and ensure a strong competitive market by enforcing consumer protection and antitrust laws. It was tasked with enforcing the Clayton Act, which banned monopolistic practices. The FTC continues to discourage anti-competitive behavior through the Bureau of Competition, which reviews proposed mergers together with the Department of Justice. The FTC also deals with complaints of unfair business practices such as scams and deceptive advertising. So if Two large cell phone carriers wish to merge into a single company FTC is the regulatory agency that has the mandate to review the merger and determine if the two companies can combine.

I would say it is C) FTC