Political economy in the context of food production

Which of the following best describes the idea of ‘political economy’ in the context of food production?

A_markets, state and society are largely independent of each other so only markets influence food production

B-states, markets and society are interrelated. A change in one influences changes in the others, and so influences food production

C-markets provide most public goods and services and the state regulates their behaviour to influence food production

D-the state provides most private goods and services through the use of markets and so influences food production