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min/max memory setting multiple instances

I have a cluster with 15 instances. None have had the min/max memory set. Should it? I was watching the memory usage and saw where one very active instance had grabbed nearly a quarter of all the available ram. Thanks…JC III
What is the availble physicial memory on this server?
What is the operating system? Satya SKJ
Microsoft SQL Server MVP
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There is 4gb RAM and 2 processors. THe OS is Win 2003 server SP1. THanks
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