EDIT: To the people downvoting this post because democrats > republicans: you’re missing the point.
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Not quite.
FPTP always devolves into local two candidate elections.
There’s no guarantee, though, that those two parties are the same everywhere. Regional third parties can do quite well under FPTP. That particularly works for e.g. the Scottish National Party or the Bloc Quebecois.
Yeah. That’s how Bernie keeps winning as an independent.