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 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.6 Massachusetts. Massachusetts ranks sixth in the country, paying its teachers an average of $73,129. Despite the state's high cost of living, which makes those dollars more like $59,893, the place still ranks well for teacher salaries.