I know a little about the dog breeding bi'ness, and a good bit about economics.
What I notice is that quality hobby breeders provide about 10% of the dogs out there, which means they are not setting the market price. I also notice that my local pet store that sells dogs is putting up Puggles at the same price as semi-quality Boston Terriers (of which I know a little, enough to judge the quality of). Hobby breeders aren't setting the price of Puggles, so there must be something else afoot.
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