Which of the following best describes the policies encompassed by privatization?

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Only the merger of two emerging industries into a monopolyOnly the franchising, contracting, or leasing of public services or assets to private entitiesOnly the transfer of partial public enterprise ownership to private hands, liberalizing entry into previously public-only sectors, and franchising or leasing public assetsNone of the above

Explanation

Privatization typically involves policies such as transferring public services or assets to private sector management through franchising, contracting, or leasing. It does not include the merging of infant industries into monopolies, which is unrelated to privatization. Therefore, option B correctly identifies a key aspect of privatization.