Meaning of unfair competition

unfair' competi'tion

Pronunciation: [key]
  1. acts done by a seller to confuse or deceive the public with intent to acquire a larger portion of the market, as by cutting prices below cost, misleading advertising, selling a spurious product under a false identity, etc.
  2. the use of any such methods.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.