high because of the numerous firms in the industry and the slowing growth rate. D) moderate because the slowing growth rate offsets the numerous firms in the industry Read the following case and answer the question number from 18 to 19. LaserTech is a manufacturer of industrial lasers and has developed a new, patended technology that allows its manufacture their products more precisely with a higher level of consistency a LaserTech's executives believe that no rivals have a similar technoogy and t technology since the benefits new protected by trade competitive advantage and at a lower cost than they could previously that it would be very difficult for rivals to copy this sof the new technology can only be realized within LaserTech's system, which inclhades processes that are secrets, making it difficult for rivals to understand the relationship between the company's new technology and its 18) If LaserTech's new technological development were due to proprietary investments the company made when it was first founded 18) twenty years ago, this would be an example of A) social complexity B) tacit collusion. C) path dependence. D) causal ambiguity 19) ESPN's development of an extensive offering of X-Games coverage that is unmatched by any other sports outket is an example of which element of the VRIO framework? 19) B) imitability C) competitive parity D) rarity SHORT ANSWER. Write the word or phrase that best completes each statement or answers the question. (5 points each) 20) The VRIO analysis on Wal-Mart sugagested several potential sources of competitive advantage. Please name any one of these: 21) How sustainable is the above Wal-Mart's advantage? Why