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 state legislators, though, are making more of a living than the vast majority of state lawmakers anywhere else in the country. We pay our legislators more than any other state in the Midwest, and Illinoisâ state legislator salaries are the fifth-highest in the nation overall, says the Chicago Sun-Times. Illinois taxpayers spend more than $12 million a year on salaries for our 177 state senators and representatives. Each lawmakerâs base pay starts out at nearly $68,000 a year. The stateâs perâ¦. Illinois state legislators are paid more than any others in the Midwest was last modified: January 14th, 2015 by.