LO$\mathrm{.}15\mathrm{.}2\mathrm{.}2$

Kalene's Smoke House is the only place within $100$ miles that sells smoked sausage. Assuming that Kalene is a monopolist and maximizing her profit, which of the following statements is true?

$$The price of Kalene's smoked sausage will be less than Kalene's marginal cost.

$$The price of Kalene's smoked sausage will exceed Kalene's marginal cost.

$$The price of Kalene's smoked sausage will equal Kalene's marginal cost.

$$Costs are irrelevant to Kalene because she is a monopolist.