Competition that forces several producers out of the market. Destructive competition usually occurs when there are so many producers of a product that prices are driven down to the point where no one makes a profit. It can also happen if a single producer is significantly wealthier than other producers and can afford to cut prices drastically until the other producers are driven out of business.
The alternative to such agreements was destructive competition, since no two lines were of exactly equal strength.
The incipient American industries were in no position to withstand this destructive competition.
But their ambition and their industry bring the momentous problem of destructive competition.