If they're not at the competitive output they could undercut price and take the entire market.

如果他们不按照完全竞争产量生产,就可以通过降低价格来抢占市场

耶鲁公开课 - 博弈论课程节选

because both are competing for the... ? same market, or different markets?

因为中印一直在竞争。,抢占同一个，或是不同市场？

普林斯顿公开课 - 国际座谈会课程节选