If the pizza industry has an HHI of 1,700. The industry can best be classified as:

Name: If the pizza industry has an HHI of 1,700. The industry can best be classified as:
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The Herfindahl-Hirschman Index (HHI) is a measure of market concentration. An HHI below 1,500 indicates an un-concentrated market, between 1,500 and 2,500 indicates moderate concentration, and above 2,500 indicates high concentration. Therefore, an HHI of 1,700 classifies the industry as a moderately concentrated market.

If the Pizza Industry Has an HHI of 1,700