What is the primary focus of the Federal Trade Commission?

The primary focus of the Federal Trade Commission (FTC) is enforcing competition laws, which is essential to maintaining a fair marketplace. The FTC aims to prevent anti-competitive business practices that may harm consumers and the economy. This involves enforcing laws designed to promote competition, such as the Sherman Act and the Federal Trade Commission Act, which prohibit unfair methods of competition and deceptive acts or practices in commerce.

The importance of the FTC's enforcement of competition laws cannot be overstated, as it helps ensure consumers have access to a variety of products and services at competitive prices. By monitoring and taking action against monopolistic behaviors, the FTC plays a key role in protecting consumer interests and fostering innovation.

In contrast, other choices do not align with the FTC's primary mission. Setting medical standards is typically the responsibility of agencies like the Food and Drug Administration (FDA) or the Centers for Medicare & Medicaid Services (CMS). Overseeing healthcare providers primarily falls under state regulations and specific healthcare oversight boards rather than federal competition laws. Similarly, regulating patient records involves compliance with laws like the Health Insurance Portability and Accountability Act (HIPAA), which is managed by the Department of Health and Human Services (HHS) rather than the FTC.