Question 7 (1 point) Uber is considering expanding to new cities. They can start operations in one of four cities (A, B, C and D) and they know that the HHI index for the ride-hailing industry in each city is 100 (A), 500 (B), 1000 (C), and 2000 (D) respectively. If Uber wants to expand to the city with the least competitive market, which city would it choose? OA OB OC OD Question 8 (1 point) Suppose a monopoly is suddenly transformed into a perfectly competitive market. We would expect: O price to rise, output to fall, consumer surplus to fall price to fall, output to rise, consumer surplus to rise O price to rise, output to rise, consumer surplus to fall price to rise, output to fall, consumer surplus to rise