Instruction: I need an expert who can answer this briefly using your own words or own knowledge.

. Define profit . Define revenue . How is profit calculated? Profit = . What is marginal cost? . What is marginal revenue? Market Structures & Competition (27) . Describe a monopoly . Describe an oligopoly Economic Growth and Inflation & Stagflation (28-29) What is the GDP? What does it indicate about a country? . Define inflation Fiscal Policy and Monetary Policy: Federal Reserve (30-32) . Government's approach to fiscal policy deals with and US Central Bank (FED) full name is . How does the Fed respond to recessions