EOC 17.02 (and 17.01) A monopolistically competitive business chooses which of the following variables? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a the price, but the market determines the quantity b the quantity of output to produce, but not the price C the price, but output is determined by a cartel production quota d the quantity of output to produce and the price at which it will sell its output Unanswered Save PQ 17.07 (and 17.10) in general, a business in a perfectly competitive market has price and quantity produced than a similar business operating in a monopolistically competitive market. Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a lower; higher b lower; lower higher; lower d higher; higher