Top 10 Influencers in 2025Can the inefficiency of a single business be compensated by overall business cost allocation?
Value comes from efficiency gaps among peers, and the duration of their existence.
For example, Saudi Aramco's value comes from the comparison between its barrel oil cost and the industry average, as well as how many years it can maintain such efficient extraction.
Monopoly is also a form of efficiency gap—it prevents new entrants, thus sustaining the efficiency gap over the long term.
Meituan's current efficiency gap among peers follows this same paradigm.
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