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Economist Coase (1972) argued that durable-goods monopolists do not have market power because they are unable to commit to not lowering their prices in future

Economist Coase (1972) argued that durable-goods monopolists do not have market power because they are unable to commit to not lowering their prices in future periods. Please use an example to explain the mechanism of this conjecture and discuss under what conditions this conjecture may not be true.

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