In a _____, two firms that can successfully collude on raising price and share the sort of profits that are earned in a monopolistic industry, but the firms find this difficult.

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In a duopolists' dilemma, two firms face a situation where they could theoretically agree to act like a monopoly (collude to raise prices and share profits), but such collusion is difficult to maintain due to the temptation for each firm to cheat for individual gain, leading to a less optimal outcome for both.

In a _____, Two Firms That Can Successfully Collude on Raising