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We discuss general properties of -algebras and their applications to the theory of open strings. The properties of cyclicity for -algebras are examined in detail. We prove the decomposition theorem, which is a stronger version of the minimal model theorem, for -algebras and cyclic -algebras and discuss various consequences of it. In particular it is applied to classical open string field theories and it is shown that all classical open string field theories on a fixed conformal background are cyclic -isomorphic to each other. The same results hold for classical closed string field theories, whose algebraic structure is governed by cyclic -algebras.

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