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best view theatres (bvt) and prime time entertainment (pte) were talent-booking entities located in las vegas, nevada. each firm aggressively pursued possible acts, and

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best view theatres (bvt) and prime time entertainment (pte) were talent-booking entities located in las vegas, nevada. each firm aggressively pursued possible acts, and each worked hard to secure venues for their per- formers. at a trade convention, the president of byt and the president of pte met for dinner. each decided to direct their respective employees to quit calling on the same acts and the same venues. the two presidents, on a napkin, outlined a "working relationship" that would allow each business to make a nice profit without having to enter into costly "wars" with the other. is such an arrangement legal? why?

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