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.
It really depends on where you are teaching. If you are in a big city, you tend to make more, but the cost of living is outrageous so I personally think you go in the hole. Anyway, the last time I checked the average in the state of Illinois was $30,000.That is the average mind you and a first year teacher would not get paid that much. I taught for nine years, but I was then in the state of SC and that was seven years ago. I started in 1990 at $18,600.t really depends on where you are teaching. If you are in a big city, you tend to make more, but the cost of living is outrageous so I personally think you go in the hole. Anyway, the last time I checked the average in the state of Illinois was $30,000.