All the Land in a California Valley Is Owned by One

Multiple Choice

All the land in a California valley is owned by one person.The supply of land is fixed and is rented each year to farmers who bid for it in an open auction.Given the rents they must pay, the farmers barely earn subsistence.Sympathy for the poor farmers leads the state to bring in irrigation facilities to raise the productivity of the farms and raise the farmers' income.The most likely outcome is

A) the farmers will be better off.
B) the farmers and the landlord will share the new prosperity.
C) only the landlord will be better off.
D) no one will prosper.