Allocating privately-held formal titles to agricultural land is more iikeiy to be beneficial in regions where, other things equal, O crop production is becoming increasingly commercial. 0 there are extensive well-functioning informal credit markets. 0 existing communal systems of property rights work well. 0 population density is low. In comparison to borrowing from the formal credit market, an informal trade-credit interlinkage which recreates the efficient surplus associated with a lending relationship between a farmer-borrower and a buyer-lender should be expected to result in O a lower selling price received by the farmer and a lower interest rate paid. a higher selling price received by the farmer and a lower interest rate paid. O)a higher selling price received by the farmer and a higher interest rate paid. O) a lower selling price received by the farmer and a higher interest rate paid.According to proponents of the Institutional View, the failure of traditional development banks in their attempts to undercut informal moneylenders by extending low interest loans to poor rural borrowers mainly stems from ) the fact that rural credit markets are already close to being perfectly competitive. irrational choices by borrowers. Oill-defined property rights over land. their cost disadvantages in assessing borrower risks and enforcing repayment