When competitive exclusion between lineages and genetic adaptation within lineages occur on the same timescale, the two processes have the potential to interact. I use experimental microbial evolution where strains of a photosynthetic microbe that differ in their physiological response to CO(2) enrichment are grown either alone or in communities for hundreds of generations under CO(2) enrichment. After about 300 generations of growth, strains that experienced competition while adapting to environmental change are both less productive and less fit than corresponding strains that adapted to that same environmental change in the absence of competitors. In addition, I find that excluding competitors not only limits that strain's adaptive response to abiotic change, but also decreases community productivity; I quantify this effect using the Price equation. Finally, these data allow me to empirically test the common hypothesis that phytoplankton that are most able to take advantage of carbon enrichment in single-strain populations over the short term will increase in frequency within multi-strain communities over longer timescales.