Question

World metalsworld metals and zhing xu metalszhing xu metals are the only major producers of a high dash grade titanium wirea high-grade titanium wire. each company has developed a titanium wire producttitanium wire product and aggressively advertises it. the two firms are locked in a​ duopolists' dilemma. the​ duopolists' dilemma facing world metalsworld metals and zhing xu metalszhing xu metals is​ _______.

Answer 1

whether they could trust each other to raise the price of a roll of titanium wire and decrease advertising to raise economic profit

Step-by-step explanation:

A duopoly occurs when only two sellers in a market control the supply and price of a product.

World metalsworld metals and zhing xu metalszhing xu metals are the only major producers of a high dash grade titanium wire.

They are both advertising aggressively, but if they agree to collaborate there will be reduced need for advertising.

Them they can both raise the price of titanium wire in order to make more economic profit.