Why does standardization of products contribute to a firm having to sell its product at the market price in a perfectly competitive market?

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Quizplus · Accepted Answer

Standardization of products in a perfectly competitive market means that one firm's product is virtually indistinguishable from another's, making them perfect substitutes. This homogeneity forces firms to accept the market price, as consumers can easily switch to a competitor for the same product if the price is raised.

Why Does Standardization of Products Contribute to a Firm Having