Non-finitely generated $(\mathbb{Z}_2)^k$-equivariant bordism ring

In 1998, Mukherjee and Sankaran posed two problems concerning the algebraic structure of the equivariant bordism ring of smooth closed $(\mathbb{Z}_2)^k$-manifolds with only isolated fixed points. One is the property of being finitely generated as a $\mathbb{Z}_2$-algebra, and the other is the existence of indecomposable elements. This paper definitively resolves both problems for the fully effective case. Specifically, let $\mathcal{Z}_*((\mathbb{Z}_2)^k)$ denote the equivariant bordism ring of smooth closed manifolds equipped with fully effective smooth $(\mathbb{Z}_2)^k$-actions having only isolated fixed points. We prove that $\mathcal{Z}_*((\mathbb{Z}_2)^k)$ is not finitely generated as a $\mathbb{Z}_2$-algebra for all $k\geqslant 3$. Moreover, the proof explicitly constructs an infinite family of indecomposable elements with unbounded degrees, thereby settling the second problem simultaneously.