Step 1: Recall the characteristics of liquid propellant rockets.
Liquid propellant rockets use separate fuel and oxidizer tanks with a controlled feed system.
This allows the engine to regulate the propellant flow during operation.
Step 2: Identify the major advantage.
Since the propellant flow can be controlled,
\[
\boxed{
\text{liquid rocket engines can be throttled, shut down, and restarted.}
}
\]
This flexibility is not available in conventional solid propellant rockets.
Therefore,
\[
\boxed{\text{Ability to throttle and restart}}
\]
is the correct answer.
Thus,
\[
\boxed{(B)}
\]
is the correct answer.