価か格かく競きょう争そう

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Meanings

1

noun

price competition

Refers to competition among businesses based primarily on lowering prices.

value, price

格status, rank, capacity

競emulate, compete with, bid

争contend, dispute, argue

価か格かく
価格 means 'price' in general, while 価格競争 specifically refers to the competitive act of lowering prices.
競きょう争そう
競争 is a broader term for 'competition'; 価格競争 narrows it to competition on price.

Compound of 価格 (price) and 競争 (competition).