Answer:
In basic conditions that is ( pH > 7 ), the equilibrium shifts towards right and produces a lot of (-ve) negatively charged fatty acids which are polar, In water, since they have long hydrophobic hydrocarbon part, this form micelles where the hydrocarbon part remain inside the sphere and -coo- group remain outside the sphere due to H-bonding interaction with water.
At ( pH < 5 ) I.e acidic conditions, the equilibrium shift to the left giving neutral molecules which can not have stronger H-bonding interaction .
So micelles cant form as they become insoluble.