Step 1: Recall the meaning of diauxic growth.
Diauxic growth occurs when microorganisms are supplied with two different carbon sources.
They first consume the preferred substrate, followed by a short lag phase before utilizing the second substrate.
Step 2: Identify the growth pattern.
The growth curve therefore shows
\[
\boxed{
\text{Two distinct exponential growth phases}
}
\]
separated by a brief lag phase.
Hence,
\[
\boxed{(B)}
\]
is the correct answer.