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I'm a bit confused regarding the m:m relationships. When we create a third identity, it seems to be in between the other entities that are

I'm a bit confused regarding the m:m relationships. When we create a third identity, it seems to be in between the other entities that are being compared. So, does 1:m relationship on both ends equal to m:m relationship? To my understanding, both entities that are being compared, have to combined in a third entity?

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