Concept:
Physics (Thermodynamics) - Heat Engines and Refrigerators.
Step 1: State the formula for Coefficient of Performance ($\beta$).
For a refrigerator:
$$\beta = \frac{T_{2}}{T_{1} - T_{2}}$$
where $T_1$ is the temperature of the hot reservoir and $T_2$ is the temperature of the cold reservoir.
Step 2: State the formula for Efficiency ($\eta$).
For a heat engine:
$$\eta = 1 - \frac{T_{2}}{T_{1}} = \frac{T_{1} - T_{2}}{T_{1}}$$
Step 3: Establish the relationship.
The efficiency can be rewritten as:
$$\eta = \frac{1}{\frac{T_{1}}{T_{1} - T_{2}}} = \frac{1}{\frac{(T_{1} - T_{2}) + T_{2}}{T_{1} - T_{2}}} = \frac{1}{1 + \frac{T_{2}}{T_{1} - T_{2}}}$$
Substituting $\beta$ into the equation:
$$\eta = \frac{1}{1 + \beta}$$
$$
\therefore \text{The correct relationship is } \eta = \frac{1}{\beta + 1}. \text{}
$$