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It's not Concurrent Users, rather it's max connections or in another words, max concurrent connections. 150 concurrent connections can support magnitudes more concurrent users, unless you have users that are downloading very large files that takes a long time to process.
So if 150 users are all downloading a 50MB file at the same second, that would be 150 connections and if the 151st user comes in to download and you have the standard edition, the connection request is queued meaning it will not be processed until someone out of the initial 150 download finishes.
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