The new technology gave them a 'competitive' advantage/edge. [=a better chance than others of winning or succeeding]
It is a very 'competitive' job market. [=a situation in which a lot of people are trying to get jobs]
We offer great service at 'competitive' rates. [=rates that are close to those of other companies]
(..) fighting over breadcrumbs. And this is a woman who is chasing a man who stole her purse. John, you watched a mugging. That's weird. In competitive behavior, someone always loses. Well, my niece knows that, John, and she's about this high. See, if I could derive an equilibrium... (..)2001 A Beautiful Mind