According to an article in the Financial Times on March 8, 2016, the capacity of the biggest
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According to an article in the Financial Times on March 8, 2016, the capacity of the biggest container ships afloat rose sharply between 2011 and 2016 and has more than doubled since 2000. What is the economic explanation for this behavior? Use a diagram to show what this implies about the firm's cost curves in 2000 and 2016.
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