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.
They are guaranteed a defined benefit pension when they retire. In Illinois, the average teacher makes $61,402. By the way, the average administrator makes $106,217.00! Illinois teachers work around 176 days, 300 minutes, or 5 hours, per day. On average, they make $348.88 per day, $1.16 per minute, or $69.60 per hour guaranteed.