Foehn wind environment with strong and gusty winds. Explanations of the foehn warming and drying effect in popular literature or on the web often single out just one causal mechanism (#1 - Condensation and Precipitation - in the below), but there are in fact four known causes (illustrated in the schematic at top right of this page). These mechanisms often act together, with their contributions varying depending on the size and shape of the mountain barrier and on the meteorological conditions, for example the upstream wind speed, temperature and humidity. 1) Condensation and precipitation: When air is forced upwards over elevated terrain,
Zero-profit condition Zero-profit condition In economic competition theory, the zero-profit condition describes the condition that occurs when an industry or type of business has an extremely low (near-zero) cost of entry. In this situation, many people tend to join the industry, seeing the opportunity to make money, until there is no more money to make (supply exceeds demand); the large amount of competition limits each person's share of the market, as well as their ability to pursue a large profit margin. This would represent a situation of almost perfect competition. For instance, despite the real estate boom of the mid-2000s, the incomes