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ChichiriMuyo said:
There wouldn't be much of a console war in that situation, no. But then there'd also be less innovation and fewer attempts to create better and/or cheaper products. Really, the industry would stagnate, and if Nintendo delaying the SNES and continuing to get games on the NES until the mid-90's isn't proof of the industry hitting a standstill when there's no competition, nothing is.

 I believe they would try harder because they would want to make their version better. The only thing they could do is advance their console so its better than the others.