Indian toothpaste industry is oligopolistic in nature because no single producer has dominating control over the market. New firms can easily enter the market without any restrictions. So it does not qualify to be called as monopolistic market. Price war can only happen when there is competition amongst producers.
Toothpaste industry-oligopolistic in nature.
Indian toothpaste industry is oligopolistic in nature because no single producer has dominating control over the market. New firms can easily enter the market without any restrictions. So it does not qualify to be called as monopolistic market. Price war can only happen when there is competition amongst producers.
Option no d
Option no. C is more preferable as more than a decade toothpaste companies are available in Indian market.
Considering no data is given about the percentage share we assume it to be monopolistically competitive