A firm that is in an oligopoly market will try to attain thebenefits (for them) of acting like a monopoly by colluding with theother firms in the market and forming a cartel. However, these canbreak down to the point where the market is more similar to acompetitive market. Explain why these agreements often break apart(be sure to include explanation of the Nash equilibrium andDominate Strategy).
Why does an oligopoly market not just become a competitivemarket?
