Freezo would not sell its refrigerators at retail in the, Ask an Expert

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The Freezo Refrigeration Company entered into agreements with retail store owners. The agreements provided that the store owners would not sell Freezo's refrigerators below Freezo's suggested minimum retail price and that, in return, Freezo would not sell its refrigerators at retail in the store owners' respective territories. Are these agreements valid and why or why not?

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