Solve the following math problem efficiently and clearly:

- For simple problems (2 steps or fewer):
Provide a concise solution with minimal explanation.

- For complex problems (3 steps or more):
Use this step-by-step format:

## Step 1: [Concise description]
[Brief explanation and calculations]

## Step 2: [Concise description]
[Brief explanation and calculations]

...

Regardless of the approach, always conclude with:

Therefore, the final answer is: $oxed{answer}$. I hope it is correct.

Where [answer] is just the final number or expression that solves the problem.

Problem: For a polynomial $p(x),$ define its munificence as the maximum value of $|p(x)|$ on the interval $-1 \le x \le 1.$  For example, the munificence of the polynomial $p(x) = -x^2 + 3x - 17$ is 21, since the maximum value of $|-x^2 + 3x - 17|$ for $-1 \le x \le 1$ is 21, occurring at $x = -1.$

Find the smallest possible munificence of a monic quadratic polynomial.
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