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If a monad in a 2-category admits a terminal resolution, does it admit an Eilenberg–Moore object?

Let $T = (t, \mu, \eta)$ be a monad on an object $A$ of a 2-category $\mathcal K$. In The formal theory of monads, Street proves (Theorem 3) that if $l \dashv r$ is the canonical adjunction associated ...
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