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{{Short description|Economic theory}}
{{refimprove|date=May 2008}}
[[File:Pac-Man eating dots.svg|thumb|The conjecture
The '''Pacman conjecture''' holds that [[durable-goods monopolist]]s have complete market power and so can exercise perfect [[price discrimination]], thus extracting the total surplus.<ref>Coase versus Pacman: Who Eats Whom in the Durable Goods Monopoly?
Author(s): Nils-Henrik Morch von der Fehr and Kai-Uwe Kuhn
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