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.
#4 Illinois Illinois teachers make some of the highest Kâ12 educators' salaries in the country, averaging $59,113 a year. According to the Cost of Living Index, that's like $61,834. At $37,166, the starting salaries for teachers there are also some of the highest in the nation. Teachers with masterâs degrees earn an average of $62,262. (Illustrated by Lauren Wade) #3 Ohio Ohio teachers earn an average of $58,092, ranking the Buckeye State third in teachersâ salaries. Accounting for cost of living, that's about $62,802. One report stated that the average salary has increased about 12 percent in recent years.