When the FTC was created in 1914, its purpose was to monitor all business practices to prevent unfair methods of competition in commerce as part of the battle to "bust the trusts."
Over the years, Congress passed additional laws giving the agency greater authority to police anticompetitive practices.
An interpreter reads one instruction at a time and carries out the actions implied by that instruction. It does not perform any translation. But a compiler translates the entire instructions.
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