Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions:
Scenario: Monopolistically Competitive Firm
For a monopolistically competitive firm, Q = 160 - P; MC = 20 + 2Q; and TC = 20Q + Q² + 20.
-(Scenario: Monopolistically Competitive Firm) Given the information in the scenario Monopolistically Competitive Firm, what is the fixed cost for this firm?

A) There is none, since this is the long run.
B) Fixed costs equal $160.
C) Fixed costs equal $20.
D) Fixed costs equal $180.