Specific language impairment (SLI) is diagnosed when a child's language does not develop normally and the difficulties cannot be accounted for by generally slow development, physical abnormality of the speech apparatus, autism spectrum disorder, acquired brain damage or hearing loss.
Perfect competition. A perfectly competitive market is a hypothetical market where competition is at its greatest possible level. Neo-classical economists argued that perfect competition would produce the best possible outcomes for consumers, and society.
SECTION 1: PERFECT COMPETITION. A producerâs. market share. is the. fraction of the total industry output. represented by that producerâs. output. It is much simpler to model the behavior of a competitive industry than to model the behavior of a non-competitive industry.