Step 1: Concept
Use the substitution $x+1 = 1/t$.
Step 2: Analysis
Then $dx = -1/t^2 \, dt$. Substituting these into the integral leads to $-\int \frac{dt}{\sqrt{1-2t}}$.
Step 3: Evaluation
Integrating $-\int (1-2t)^{-1/2} \, dt$ gives $\sqrt{1-2t} + c$.
Step 4: Conclusion
Substituting $t = 1/(x+1)$ back, we get $\sqrt{1 - \frac{2}{x+1}} = \sqrt{\frac{x-1}{x+1}} + c$.
Final Answer: (b)