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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
Writer, Contributing Editor & Moderator
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There is 4gb RAM and 2 processors. THe OS is Win 2003 server SP1. THanks