Transition from Planned to Market Economies via Privatization Steps:

• Identify planned economy features: state ownership of industries and fixed prices.
• Define market economy: private ownership drives production and competition.
• Recognize transition policies: shift control from government to private sector.
• Match to options: privatization reduces state role in essential industries.

Why C is correct:

• Privatization transfers state-owned assets to private hands, aligning with market economy definition where resources are allocated by private incentives, not central planning.

Why the others are wrong:

• A: Price fluctuations occur in markets but were already partially allowed; core change is ownership, not just pricing.
• B: Keeping industries state-controlled maintains planned economy traits, opposing the transition.
• D: Money supply changes relate to monetary policy, not the structural shift from planning to markets.

Final answer: C