Answer:
b. The price of Bob's bison burgers will exceed Bob's marginal cost.
Explanation:
As Bob's Butcher Shop is the only place within 100 miles that sells bison burgers. His objective is to maximized his profit as he is a monopolist. He will keep his price higher than his marginal cost to get maximum gain in the situation of monopoly. So the correct option is b. The price of Bob's bison burgers will exceed Bob's marginal cost.