Question: Explain why the parties would agree to a contract, enforced by a third party, that prohibits them from dropping their prices, even though this narrows

Explain why the parties would agree to a contract, enforced by a third party, that prohibits them from dropping their prices, even though this narrows their options. Ultimately parties to a contract rely on the taxpayer-funded judicial system to enforce the contract. Should society agree to enforce any contract that two parties agree to? Use our price example.

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