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.
$33K Lansing, IL Insurance Account Representative Average Salary at State Farm Insurance Â·. -$2K (5%) less than national average Insurance Account Representative salary ($35K) -$3K (8%) less than average State Farm Insurance salary ($36K) The pay is decent, I started at $10 per hour 11 years ago. The highest I ever was paid was $18 per hour.