Definitions:

1. A situation where competitors are willing to harm each other to achieve success, often resulting in prices that are unsustainable. NOUN
   • The retail market has become a battlefield of cutthroat competition, with stores slashing prices to attract customers.
2. Refers to a highly aggressive and ruthless form of rivalry between businesses, organizations, or individuals, where participants employ extreme measures to outperform or eliminate their competitors. NOUN
   • The cutthroat competiton in the tech industry forces companies to constantly innovate or risk becoming obsolete.

Synonyms:

• destructive competition
• excessive competition
• ruinous competition