Is the foreign exchange market a good example of pure competition, or is the market imperfectly competitive?

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Is the foreign exchange market a good example of pure competition, or is the market imperfectly competitive? Explain.
Foreign Exchange Market
The foreign exchange market (also known as forex, FX or the currency market) is an over-the-counter (OTC) global marketplace that determines the exchange rate for currencies around the world. Participants are able to buy, sell, exchange and...
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