Funds through informal means are almost certainly more limited than funds that could have been provided formally by banks. As a result, in the aggregate, because of such under-funding, the average firm size in the developing world is smaller than that in the developed world. What is a key component of the developing world that leads to this result? (1 Point) Lack of well-defined informal institutions Well-defined and enforced property rights Lack of property rights providing documentation of ownership Legal use of collateral based credit leading to more business loans