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Explain why monopolistically competitive industries are often allocatively inefficient when compared to competitive industries?

User Soggiorno
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Final Answer:

The percentage of people in attendance who are not employees or employee spouses is C. 25%.

Step-by-step explanation:

Let's denote the total attendance as Given that 1/2 of the attendees are employees, the number of employees in attendance is times

Additionally, employees' spouses constitute 1/3 of the attendance, so the number of employees' spouses is

The total number of employees and their spouses is \(\frac{1}{2} \times T +

To find the percentage of people who are not employees or employee spouses, we subtract this from the total attendance and calculate the percentage:

Now, to express this as a percentage, we use the formula:

Therefore, the correct answer is C. 25%.

User Mexus
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