-The cookie industry in Eatsweetland consists of 15 firms. The industry sales are $80 million per month. The sales of the largest 5 firms are shown in the table below. The rest 10 firms have sales of $3 million each. The U.S. Department of Justice would classify the market for cookies in Eatsweetland as

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The Herfindahl-Hirschman Index (HHI) is used to classify market competitiveness. In this case, the HHI is calculated based on the market shares of the firms. The largest 5 firms have significant sales, but the presence of 10 other firms with $3 million each indicates moderate competition.

-The Cookie Industry in Eatsweetland Consists of 15 Firms