The speaker agrees that bottlenecks and diminishing returns matter, but argues that this qualitative consideration alone cannot determine quantitatively which growth rates are possible; additional assumptions are needed.

“I mean, like,”

“we totally agree with that.”

“I would say that that's just like a kind of qualitative consideration. It doesn't.”

“itself, it isn't self-sufficient to make a prediction about what growth rates are permitted given these BOMO effects versus not. It's just like a qualitative consideration and then you might need to make additional assumptions to be able to make a quantitative prediction. So I think it's a little bit...”