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At the profit-maximizing quantities in segmented markets, the marginal __________ from selling the last unit in one market should be equal to the marginal __________ from selling the last unit in the other market (and equal to the common marginal __________) .
Par Value
It represents the nominal or face value of a security, such as a share or bond, and is the minimum price at which such securities might be issued originally.
Collateralized Bonds
Bonds that are secured by a collateral asset, providing higher security to bondholders in case of issuer's default.
Issuing Firm
A company or entity that releases securities into the financial market for the first time, often through initial public offerings (IPOs) or bond sales.
General Earning
The total income generated by an entity from its operational activities.
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