DISK IMAGE VS. SPARSE DISK IMAGE VS. SPARSE BUNDLE DISK IMAGE

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When creating a blank disk image in 10.5.2, I've noticed that there are three options for image format: Read/Write Disk Image, Sparse Disk Image and Sparse Bundle Disk Image.

I know what a disk image is and have used the regular read/write disk image on several occasions, but I'm curious to know more about the sparse alternatives and what they are used for.

What is a Sparse Disk Image and what is a Sparse Bundle Disk Image?

thanks

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