When a firm cannot affect the market price of the good that it sells,it is said to be a:

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A firm that cannot affect the market price of the good it sells is a price taker. This means that the firm must accept the market price and adjust their output accordingly. A natural monopoly occurs when a single firm can supply the entire market at a lower cost than two or more smaller firms, giving them some control over the price. A dominant firm is a firm in a market with many competitors that has a large market share and can influence the market price. A cartel is a group of firms that collude to restrict output and raise prices, giving them some control over the market price.

When a Firm Cannot Affect the Market Price of the Good