A trend that has been reinforced by many developing countries is privatization. Privatization refers to: Select one: a. selling large state-owned enterprises to private owners in key areas such as electricity, telecommunications, or petroleum. b. exchanging bonds for shares in state-owned enterprises. O c. investing government money in large, privately-owned companies. O d. purchasing large companies and turning them into state-owned enterprises. O e. selling large state-owned enterprises to private owners in the financial sector