Suppose that the demand curves for a product produced by a monopoly firm in two markets are given by: Y₁ = 12 - P₁ and Y₂ = 12 - 2P₂. The firm's cost function is given by C (Y) = (12/2)*Y. What will be the prices, quantities produced and consumer surpluses in both markets and the monopolist's profit in the following situation:

1) The monopolist can discriminate price in each market.