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I]. The accompanying table shows the Herndahl Industry HE] Advertking expandihlm (millions Hirschman Index (HHI) for the restaurant. cereal, Restaurants 179 $1384 movie studio. and laundry detergent industries and the C I 2,598 732 advertising expenditures of the top 10 rms in each Movie studios 918 3324 Industry. Use the information in the table to answer the Laundry detergent 2350 132 following questions. 3. Which market structureoligopoly or monopolistic competitionbest characterizes each of the industries? Place each industry according to the most appropriate market structure. Oligopoly Monopolistic competition