I dont think you know how the crab market works.Sure I do, it's called a conspiracy or collusion.
Fishermen(supply) and processors(demand) reaching a strike price for a good seems to me to be the very essence of a free market system in action.Sounds good except Fishermen(supply) didn't know what processors(demand) was/is untill the price was agreed to...not only that, processors(demand) had/has no idea what the Fishermen(supply) is going to be...
Sorry, supply and demand doesn't determine price in the crab market...it's a lie.
Since the price was determined before the boats left the harbor it sounds like the next time I see crab on my menu the words "market price" won't be there...The price was determined before the fishing boat's motors started.
So the crab should be caught and sold to highest bidder at the dock?