Step 1: Rewrite y
$y=\dfrac{1}{b}(ab^{2})^{x}$, because $a^{x}b^{2x}=(ab^{2})^{x}$.
Step 2: Differentiate twice
For $y=k\,m^{x}$, $y''=k\,m^{x}(\log m)^{2}$.
Step 3: Substitute
With $m=ab^{2}$ this gives $y''=y(\log(ab^{2}))^{2}$.
Final Answer:
Writing y as k m^x gives y'' = y (log m)^2 with m = ab^2.
\[ \boxed{\text{(C) }y\left(\log(ab^{2})\right)^{2}} \]