Mac OS version of itunes & media monkey, can/do they use LAME for mp3?

In my quest to find a good audio cd extractor, I am liking db power amp, & while researching mp3 ripping online, I came across someone saying in a post that there is a LAME codec for the mac version of itunes. If there is, would itunes with LAME for mp3 be as good an audio cd ripper as say the top standalone programs for this? would it be as good as exact audio copy or dBpoweramp or cdex?

Does media monkey use LAME to rip to mp3 format? & is it as good as dBpoweramp, exact audio copy etc?

This has all been quite a learning experience for me, & would like to get the most for my money or for free. Looking to settle on a program.