The Federal Trade Commission and U.S. Department of Justice have organized their jointly proposed merger guidelines to reflect the reality of the market, leading architects of the proposal said Thursday. 

“There are lots of different ways in which competition presents itself and by organizing the guidelines around the realities of the market … certainly we hope that we don’t miss those market realities as we enforce the law,” Assistant U.S. Attorney General Jonathan Kanter said at an event sponsored by the Brookings Institution in Washington.