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Suppose P is a (colored) prop in a closed symmetric monoidal locally presentable category C. Is the category Alg_P of algebras over P in C locally presentable?
It seems that one can relatively easy establish the accessibility of algebras over P using PIE-limits.
However, the forgetful functor Alg_P→C preserves neither limits nor colimits, so it’s unclear how one could establish the (co)completeness of Alg_P (is this even true?).
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