Here's why:
* Represents a group: It refers to multiple individuals collectively, not just one person.
* Singular verb agreement: When referring to the group as a whole, the verb used should be singular: "The characters in the novel are complex."
* Plural for individuals: If you're referring to the individual characters, you would use the plural form: "The characters all had their own unique personalities."
However, "characters" can also be used as a regular plural noun referring to individual letters, symbols, or markings. In this case, it's not a collective noun.
So, it depends on the context. If you're talking about the people in a story, it's a collective noun. If you're talking about letters or symbols, it's not.