The Soda industry is a perfect example of a Monopolistic Competition. This is because this is an industry that has differentiation in their products. Take Pepsi and Coke for instance they are similar but are distinguished as 2 different goods in the market. Also to go into the soda industry has very few barriers.
The ACS 1-year data shows the median family income for Springfield was $74,517 in 2015. Compared to the median Illinois family income, Springfield median family income is $633 higher. As with the median household income data, 2016 family income data for Springfield will be released in September of 2017.
Illinois Teacher Salary. If you are considering becoming a teacher in Illinois, you will make the 12th highest Average teacher salary in the country. The average Illinois teacher salary starts at $37,166 and averages $59,113 a year. Starting salaries are the 16th highest in the nation.