In a competitive market,why can no single producer influence the market price

Question

Quizplus · Accepted Answer

In a competitive market, there are many other sellers offering a product that is essentially identical, making it difficult for one single producer to influence the market price. Consumers have the ability to choose between the different products and producers, which keeps the market competitive and prevents any one producer from having too much power. Additionally, government intervention may play a role in preventing firms from influencing price, but it is not the primary reason why a single producer cannot influence the market price in a competitive market. Finally, producers agreeing not to change the price would be considered collusion, which is illegal in most countries and would not happen in a truly competitive market.

In a Competitive Market,why Can No Single Producer Influence the Market