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Yes for ERP you need database in Dedicated Server mode. you can add shared server for some other tasks.
In the following document, the text in the comments mentions that most EBS customers do not need to use MTS. It implies that it can be used.
Database Initialization Parameters for Oracle E-Business Suite Release 12 (Doc ID 396009.1)
Thank you for the Document. I think MTS should be avoided since the doc also says that setting it can have some dramatic effect.