How it Stacks
Additional copies do not increase damage. Their only potential benefit is recalculating the radius based on your current size multiplier.
Picking up a copy at the same size = no change
Picking up a copy after increasing size = larger radius
If you pick up an Electric plug when your size is 1.0x and later increase your size to 2.0x or more, the radius isn't updated at all before picking up a second copy.
So multiple copies does not do anything on their own, but just relies on the size multiplier at the time of pickup. This is most likely a bug as it looks like it should be able to hit more enemies than 11 when you get multiple copies, but currently, this is not the case.