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Reason Magazine

US Politics

US Politics

Meet the new FTC—same as the old FTC

Reason Magazine
Summary
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77% Informative

Federal Trade Commission announced Tuesday that the 2023 joint merger guidelines adopted by the Biden administration's FTC and Department of Justice (DOJ) are still in effect.

The 2023 guidelines, though not binding on courts, revert antitrust enforcement policy to a misguided framework.

The FTC (and DOJ) should return to the consumer welfare standard instead of persisting in the economic illiteracy.

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