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Explain why 1 would be a biased estimate of the true impact of loans on business revenues. Using only your intuition, would you expect 1

Explain why 1 would be a biased estimate of the true impact of loans on business revenues. Using only your intuition, would you expect 1 to be an overestimate or an underestimate of the true impact of the causal impact of microfinance loans on revenues, and why

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