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.?
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.?