Recognizing patterns you to avoid making mistakes in the future make sure history always repeats itself understand human nature and behavior know there is no way to predict the future

Recognizing patterns help you to learn. Out of your learning, you can avoid making mistakes in the future. History usually repeats itself so learning from mistakes is very important. You should understand that human nature and behavior can never predict the future. So, it would be advisable to recognize patterns on things happening in your life so that when it happens again, you will not be making the same mistake.

Ais your answer

high entry costs prevent new producers from entering the market.

explanation:

an oligopoly is a term used to clarify the structure of a particular market, industry, or organization. a market is considered oligopolistic or amazingly focused when it is shared between a few companies.