Merchants

Tourists

The high price of product has not been investigated

The high price of product has been investigated

Cost P11

S1 − P11(1 − q2), P11 − C1(1 − q2)

Cost P12

S1 − P12, P12 − C1

Cost P11

(S1 − P11) × q2, (P11 − C1 − M2) × q2

Cost P12

(S1 − P12), (P12 − C1)