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I know, stupid question. I just subscribed to the lowest level just to get PS for my desktop Mac. But I just this morning bought a MacBook.
Can I assume I can install and use it on both, although not at the same time?
Correct.
You are allowed to:
Adding to what the other John said... http://www.adobe.com/legal/licenses-terms.html
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Correct.
You are allowed to:
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Adding to what the other John said... http://www.adobe.com/legal/licenses-terms.html