An industry consists of five firms with sales as follows:$9.54 million, $4.25 million, $4.13 million, $3.12 million, and $2.96 million.What is the HHI, and how would be the industry be described based on the DOJ criteria?

Group of answer choices

None of the answers listed is correct.

2,475 moderately concentrated

2,511 highly concentrated

2,546 moderately concentrated

2,545 highly concentrated