JQuery get specific option tag text

I have this:

<select id='list'>

    <option value='1'>Option A</option>

    <option value='2'>Option B</option>

    <option value='3'>Option C</option>

</select>

What might the selector resemble in the event that I needed to get "Alternative B" when I have the value '2'?

Kindly note that this isn't requesting that how get the chosen text value, however, any of them, if chosen, depending upon the value trait. I attempted:

$("#list[value='2']").text();

But it is not working.