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When does a lax monad morphism induce a functor between categories of algebras that preserves reflexive coequalisers?

Let $S$ be a monad on a category $\mathbf C$. If $\mathbf C$ is cocomplete, and the category of algebras $\mathbf C^S$ admits reflexive coequalisers, then $\mathbf C^S$ is cocomplete. Thus, it is ...
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