Is the toothpaste industry in India an example of Oligopoly or Monopolistic
There is no barrier on entry of new firms so it should be Monopolistic
However 2-3 firms have a huge market share and hence the ability to control prices so it should be oligopoly
Also can there be a price war in monopolistic????

It is monopolistic Competition!

Monopolistic competition implies that there are enough firms in the industry that one firm's decision does not set off a chain reaction. In an?oligopoly, a price cut by one firm can set off a?price war, but this is not the case for monopolistic competition.?

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