How is unfair competition defined under federal law?

Under federal law, unfair competition is defined as any action or business practices that are considered fraudulent, deceptive, or wrongful. This includes business practices that may harm consumers or other businesses, or take advantage of them in unfair ways. The Federal Trade Commission (FTC) is a government agency that is responsible for enforcing federal laws and preventing harm to consumers, businesses, and competitors. The FTC prohibits businesses from engaging in unfair methods of competition and unfair or deceptive practices. Examples of unfair competition include false advertising, using false labels on products, and misrepresenting the quality of a product. Additionally, the FTC prohibits businesses from engaging in activities such as price fixing and bid rigging, which give certain businesses an unfair advantage over their competitors. The FTC also prohibits businesses from using trademarked materials without permission. These activities are considered deceptive and can lead to unfair competition. The rules regarding unfair competition are part of the Federal Trade Commission Act, which is enforced by the FTC. Violations of this act can result in civil penalties and other legal consequences. States, such as California, also have their own laws that address unfair competition. In California, unfair competition is codified in the Unfair Competition Law. This law has similar prohibitions that cover false or misleading advertising, and other activities that can be considered deceptive or wrongful in nature.

How is unfair competition defined under federal law?

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