Bakugou might react with his usual anger. He could lash out at the bullies verbally or even physically, which might make the situation worse. For example, if someone makes a snide comment, he could respond with a loud and aggressive retort.
Bakugou might be initially shocked. He's used to Izuku calling him 'kacchan' for so long that it's become a normal part of their relationship. So, when Izuku stops, it could throw him off balance.
A villain like Shigaraki would likely be interested in the power levels in the MCU fanfiction. He's always looking for ways to increase his own power, and seeing the various powerful artifacts and abilities in the MCU might give him some ideas. He could think about how he could use similar things in his own plans to take over the MHA world.
Some characters might try to understand Deku's motives. Kirishima, who was close to Bakugou, would be angry at first but might also try to find out if there were any extenuating circumstances. However, many would be afraid of Deku, seeing him as a threat now that he has killed one of their own.
Natsu might be initially shocked and confused. He's not the type to expect rejection, so he could be at a loss for words at first. For instance, he might just stand there with his mouth open, not believing what he just heard.
Well, in many fanfictions, Natsu might initially be in shock. He's a passionate character, so he could react with anger. He might lash out at Lisanna or the person she cheated with. He could also go into a state of self - doubt, wondering what he did wrong.
She might become angry at first. Natsu is known for her fiery temper. So, she could lash out at the person who betrayed her, confronting them directly and demanding an explanation.
Some MHA characters might be flattered. For example, Midoriya would probably be really excited and take it as a sign of how much he's inspired people. He might even look for positive lessons in the fanfiction to improve himself.
If the MHA characters were to react to a Mastermind fanfiction, some would be more accepting than others. Characters like Ochaco might find it really exciting. She's a fan of the heroes herself, so seeing different takes in fanfiction would be like getting a new perspective on the MHA world. However, characters like Shoto, who are more reserved, might be a bit hesitant. He might need some time to process what he's reading. But overall, it would be a very interesting scenario as it would show how the characters view different interpretations of their world.