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, in the short run, this firm:

A) earns profits of $2,430.
B) incurs losses of $2,450.
C) earns no profit.
D) incurs losses of $20.