Which type of law is established by regulatory agencies like the Federal Trade Commission?

Administrative law is the correct answer because it pertains to the body of law that governs the activities of administrative agencies of government. These agencies are empowered by legislative bodies to create rules and regulations within their areas of expertise. For example, the Federal Trade Commission (FTC) is an agency that creates and enforces regulations to protect consumers and maintain competition. The rules established by the FTC fall under administrative law because they are not created through the legislative process but instead arise from the authority given to the agency by law.

This type of law is crucial for regulating industries and ensuring compliance with the standards designed to protect public interest, consumer rights, and competition. Understanding administrative law is essential for professionals in business, marketing, and sales because they must navigate these regulations in their operations.