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Well, I think that on large maps, the Dungeon faction will defeat Necropolis and Academy... although again, everything depends on the hero, and most importantly, on who controls them...
Yeah! And a lot also depends on the size of the army and the artifacts. Otherwise, even pathetic little humans can easily defeat the Dungeon, Academy, and Necropolis. And then a huge army of demons will come and tear the humans to shreds :D :D