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The price of a factor of production that is in fixed supply is called
Oil
A viscous liquid derived from petroleum, used as fuel and in various industrial applications, known also for its presence in seeds, fruits, and other parts of plants.
Quality Assurance
A process of ensuring that products, services, or processes meet specific standards or requirements, often through systematic review and evaluation.
Quality Control
The procedures and measures taken to ensure that a product or service meets specified requirements and standards before it is delivered to the customer.
Known Value Range
A specific set or interval of numbers or values within which a particular variable is known to fall.
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