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Default EXCEL SHARED user count limitation

I have an EXCEL spreadsheet on our LAN and have a number of users using the
spreadsheet at the same time. I have the SHARE option checked.
Q: Is there a limit to the number of users who can be editing the
spreadsheet at one time? Some users can only get into the spreadsheet when
someone closes theirs. Since it's used by 2 departments, I'm guessing it's
about 10 concurrent users?
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