对话内容：
Lily: Hey Jack, it's been a while since we've talked. How have you been?
Jack: I've been doing well, thanks for asking. I've been keeping up with your company's success in the news. Congratulations.
Lily: Thank you, it's been a lot of hard work but it's paying off. How about you, what have you been up to lately?
Jack: I've been taking some time off to travel and spend time with family. But I am always keeping an eye on new business opportunities.


问题：
他们会如何处理竞争的情况？


根据对话内容回答这个问题。
虽然Lily是Jack的前学生，两人现在是竞争对手，但他们之间一直保持着友好的关系。Lily和Jack都非常尊重对方的商业知识和成功经验，因此，如果出现竞争情况，他们会尽力保持公平竞争，并尊重对方的专业性。