The electrostatic force between two point charges in a vacuum is given by Coulomb's Law:
\[
F_0 = \dfrac{k_e q_1 q_2}{r^2}
\]
where:
- \( F_0 \) is the electrostatic force in a vacuum,
- \( k_e \) is Coulomb's constant,
- \( q_1 \) and \( q_2 \) are the magnitudes of the charges, and
- \( r \) is the distance between the charges.
When a dielectric medium with dielectric constant \( k \) is introduced, the force between the charges decreases due to the presence of the medium. The force \( F \) between the charges in the dielectric medium is:
\[
F = \dfrac{F_0}{k}
\]
This shows that the electrostatic force in the dielectric medium is reduced by a factor of \( k \).
Now, if the initial force between the charges in the medium is \( F_1 \) and the new force is \( F_2 \), the relationship between the two forces is:
\[
F_2 = \dfrac{F_1}{k}
\]
Rearranging this equation to find \( k \), we get:
\[
k = \dfrac{F_1}{F_2}
\]
Thus, the dielectric constant \( k \) of the medium is \( \dfrac{kF_1}{F_2} \), and the correct answer is option (C).