Re: Two pair on the flop: fold, call or raise?
They've already shown a pretty strong interest in the hand and think they are calling anyway. The final cap by you shows the last player in the hand is willing to "Cold Cap" (Thats a pretty strong sign of a good hand,unless I'm a maniac). At least by waiting you may get bet into on the turn by the 3bettor. If you cap I think its gonna be check to you on the turn.
If I'm raising the flop its for value not really to protect. I'm just willing to give up a little here in hopes to protect against draws on the turn and punish inferior made hands.
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