Show that increasing output beyond the competitive level decreases total surplus because the cost of producing this output exceeds the value consumers place on it. Part 2 Suppose the quantity produced is Q. Part 3 1.) Using the point drawing tool, indicate the competitive equilibrium price and quantity. Label this point 'e.' 2.) Using the triangle drawing tool, indicate the decrease in total surplus relative to the competitive equilibrium from producing Q units of output. Label this triangle 'DWL.' Part 4 Carefully follow the instructions above, and only draw the required objects. . . . Question content area right Part 1 Q, Units per year p, $ per unit DS