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The economic importance of lobster is tied to the food service industry, particularly seafood restaurants, for which lobsters are caught and harvested. Hence the economy is supported by concerns which equip suppliers, and that catch, process, or transport lobsters or lobster meat. Without human consumption of lobster they would have a negligible economic impact.

Commercial aquaculture operations are somewhat unprofitable owing to the slow growth of the species and the lobster tendency to cannibalism.

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