(C) The production of steroid hormones like hydroxyprogesterone involves the process of microbial transformation. The fungus $Rhizopus \text{ } nigric

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(C) The production of steroid hormones like hydroxyprogesterone involves the process of microbial transformation. The fungus $Rhizopus \text{ } nigricans$ is specifically used in the industrial production of hydroxyprogesterone from progesterone through the process of $11\alpha$-hydroxylation.