The most common and most likely answer to this crossword clue is the 8 letter word CUT-RATE
C
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The straight part
We know that "Competitive" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case competitive = cut-rate.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.
What does CUT-RATE mean?
CUT-RATE adjective- Offered for sale or rent at a lower than usual rate