Use the Following to Answer Questions

Multiple Choice

Use the following to answer questions :
Scenario: Monopolistically Competitive Firm
For a monopolistically competitive firm,the demand curve is given by Q = 160 - P,and the firm's cost functions are MC = 20 + 2Q and TC = 20Q + Q² + 20.
-(Scenario: Monopolistically Competitive Firm) Use Scenario: Monopolistically Competitive Firm.Given the information in the scenario,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.