Amazon dives into groceries with Whole Foods: Five questions answered
Customers leave the Whole Foods Market in Boulder, Colorado May 10, 2017. REUTERS/Rick Wilking

By Roger Meiners, Goolsby-Rosenthal Endowed Chair of Economics, University of Texas Arlington. Editor’s note: Amazon became a major player in the supermarket business overnight after the online retailer said it was buying upscale grocery chain Whole Foods for US$13.7 billion, including debt, a premium of 27 percent over Whole Foods’ presale share price. The purchase would…