In many oligopolistic industries, the same firms compete over a long period of time, setting prices and observing each other's behavior repeatedly. given the large number of repetitions, why don't collusive outcomes typically result?

An oligopoly is when a market is controlled by a small group of two or more firms. Businesses in an oligopoly can agree in price collusion and create a barrier for entry for new commerce. For oligopolies to be stable, the firms must see the benefits of collaboration over the costs of economic competition. In other words, they do not collude since the oligopoly is based on cooperation.

christopher columbus sail the ocean blue 1492

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