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.
The Springfield Metropolitan Statistical Area, as defined by the United States Census Bureau, is an area consisting of two counties in Central Illinois, anchored by the city of Springfield. As of the 2000 census, the MSA had a population of 201,437 (though a July 1, 2009 estimate placed the population at 208,182). Springfield is south of Peoria, Illinois, Pekin, Illinois, and Lincoln, Illinois; southwest of Bloomington, Illinois and Champaign, Illinois; and west of Decatur, Illinois. The southern portion of the Springfield metropolitan area is north of the Metro-East, the Southern Illinois portion of the Greater St. Louis area.