Back then the market was also minuscule in comparison. If you ask for 150 bucks for a game, go for it. Just don't be surprised if the sales stay low, because I can buy 5-10 other games for that money.
I've played plenty of games that would be worth 100+ easily. The problem for a studio pricing something at that though is they need some way to sell me on the game. A demo, or like, first party Nintendo quality reputation. Something. No way I pay that as a default for a piece of shit, which most things released are.
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