What contributes significantly to the higher price tag associated with the "Maine Lobster" name?
Answer
Prestige associated with the name and historically smaller overall harvest
The economic valuation of Maine lobster is inflated beyond potential inherent quality differences due to several non-flavor factors tied to branding and supply. A major contributor is the established prestige and marketing weight carried by the 'Maine Lobster' designation. Compounding this is the historical reality of a significantly smaller overall harvest volume compared to Canadian catches. This combination of strong brand recognition and limited supply dynamics creates market conditions that support a consistently higher price point for Maine specimens, even when objective quality metrics might suggest parity or slight advantages elsewhere.
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