If you believe the monopolies-raising-markups theory, Amazon's decision to cut prices at Whole Foods goes in OPPOSITE direction.
No, the idea is they lower prices to drive out the competition, then they drive up the prices. You don't believe that?
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In theory, yes. Hasn't actually happened. AMZN margins much lower than other retailers, & WMT, TGT will fight back. https://www.wsj.com/articles/amazon-doesnt-need-to-make-money-on-groceries-putting-pressure-on-wal-mart-kroger-1503874354 …pic.twitter.com/hbGpuB9fKI
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I think they're willing to take a hit to oust the competition.
End of conversation
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