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.
Springfield, MO average salary is $76,866, median salary is $45,490 with a salary range from $20,218 to $600,000. Springfield, MO salaries are collected from government agencies and companies. Each salary is associated with a real job position. Springfield, MO salary statistics is not exclusive and is for reference only.