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Short-run average variable cost can be defined mathematically as:
Technological Advances
Innovations and improvements in technology that enhance productivity, efficiency, and quality of life.
Microfinance
Financial services provided to individuals or small businesses in underserved markets or developing countries, often including small loans.
Imperfect Information
The absence of full knowledge concerning product characteristics, available prices, and so on.
Peer Lending
A financial transaction in which individuals lend money to each other directly, often facilitated by an online platform, bypassing traditional financial intermediaries.
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