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US FTC, DOJ trying to rewrite antitrust law based on faulty economic, legal assumptions, Chamber of Commerce says

( April 19, 2022, 22:31 GMT | Official Statement) -- MLex Summary: The US Chamber of Commerce said that although it has no qualms with the Federal Trade Commission and the Department of Justice updating their merger guidelines to reflect the latest case law and empirical economic analysis, it has serious concerns that the agencies are attempting to use a request for information on merger enforcement to rewrite substantive antitrust law based on faulty economic and legal assumptions. “For instance, many of the RFI’s questions reflect a belief that economic concentration is strangling competition, that most mergers harm consumers, and that the merger guidelines provide an opportunity to rewrite substantive antitrust law.”See document below. ...

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